Banks Ramp up Cybersecurity Budgets for 2027 Following Hacking Spree
6 Articles
6 Articles
Banks ramp up cybersecurity budgets for 2027 following hacking spree
Korea's major banks are sharply increasing their cybersecurity budgets for next year following a series of hacking incidents, with some lenders planning to spend more than 100 billion won ($74 million) on information security, data showed Monday. According to data submitted by the country's four major banks to Rep. Lee Yang-soo of the main opposition People Power Party, Shinhan Bank plans to allocate 115 billion won to information security in 20…
Following a series of large-scale hacking and data leaks in the financial sector, the four major commercial banks (KB Kookmin, Shinhan, Woori, and Hana) are allocating and proceeding with information security budgets exceeding 100 billion won for next year. According to data submitted by the financial sector to Rep. Lee Yang-soo of the People Power Party (Chairman of the National Assembly Intelligence Committee) on the 9th, Shinhan Bank's inform…
In response to a series of hacking incidents in the financial sector, the four major banks have allocated an expanded security budget of 100 billion won for next year. However, as structural limitations such as a shortage of security specialists and the dual role of CISOs have been pointed out, financial authorities have emphasized their intention to hold management accountable in the event of future security incidents.
(Seoul = Yonhap News) Reporter Kang Su-ryeon = As large-scale hacking and data leakage incidents continue to occur in the financial sector, the four major commercial banks (KB Kookmin, Shinhan, Woori, and Hana) [will...] information protection next year
[Digital Daily Reporter Lee Ho-yeon] Following a series of hacking incidents and personal information leaks, commercial banks have significantly increased their information security budgets for next year. Shinhan Bank and Hana Bank have allocated over 100 billion won in related budgets, and KB Kookmin Bank also plans to pursue over 100 billion won. According to data submitted by the four major banks (KB Kookmin, Shinhan, Hana, and Woori Banks) …
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