FSS chief vows stronger cybersecurity after data breaches
6 Articles
6 Articles
FSS chief vows stronger cybersecurity after data breaches
The chief of Korea's financial watchdog on Monday pledged to strengthen cybersecurity at local financial institutions through thorough investigations into recent hacking incidents that compromised about 100,000 cases of personal data. "The recent security breaches have caused great concern among the public," Financial Supervisory Service (FSS) Gov. Lee Chan-jin said in his opening remarks at a parliamentary audit. "We will swiftly address securi…
Director of Financial Supervisory Service Lee Chan-jin recently announced that he would thoroughly investigate the causes of subsequent security incidents in the financial sector and encourage financial companies to strengthen their security capabilities. We will expand artificial intelligence (AI) -based simulated hacking training and promote measures to increase financial companies' security budgets and personnel investments. Director Lee said…
Lee Chan-jin Promises Thorough Probe into Hacking Incidents, Pushes for Expanded IT Security Budgets and Staff at Financial Firms | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker - National Cyber Security Consulting
▲ Financial Supervisory Service Governor Lee Chan-jin takes an oath during a parliamentary audit of the FSS held by the National Policy Committee on October 19. Financial Supervisory Service Governor Lee Chan-jin promised on October 19 to "promptly patch security loopholes through a thorough investigation into the causes" regarding a recent series of hacking and […] Thank you for subscribing to our RSS feed!
[Digital Daily Reporter Kang Ki-hoon] Criticism was raised during the National Assembly's parliamentary audit that the Financial Supervisory Service (FSS) failed to take appropriate supervisory action despite securing a research report warning of risks ahead of the launch of single-stock leverage products, which carry high investment risks. Controversy also arose regarding whether the FSS sufficiently discussed the risks identified in advance wi…
Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), stated that he expects to submit the FSS reform plan currently under consultation with the Financial Services Commission next month. He explained that the agency has launched company-wide improvement efforts regarding issues such as delays in handling cases, including inspections and sanctions. Lee Chan-jin, Governor of the Financial Supervisory Service, is speaking at the parlia…
Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), will face scrutiny regarding his supervisory responsibilities concerning major pending issues in the financial market during the National Assembly's parliamentary audit on the 19th. Following losses for individual investors stemming from the introduction of single-stock leveraged exchange-traded funds (ETFs) and a series of personal information leaks in the financial sector, the…
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