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…
Korea's Financial Supervisory Service (FSS) chief, Lee Chan-jin, has vowed to enhance cybersecurity measures at local financial institutions following a series of data breaches that compromised approximately 100,000 personal records. The security incidents have sparked widespread public concern, prompting Lee to address the issue at a parliamentary audit. The FSS governor stated that the agency will conduct an in-depth investigation into the causes of the breaches and swiftly address any security vulnerabilities.
In response to the cyberattacks, Lee has encouraged financial institutions to bolster their internal security capabilities by leveraging artificial intelligence (AI) technologies. This approach aims to effectively counter AI-powered cyberattacks. Additionally, Lee plans to consult with the Financial Services Commission to review various measures designed to incentivize financial institutions to increase their investment in security and personnel.
The security breaches have affected around 16 local financial institutions, including banks, savings banks, and insurance companies, exposing sensitive personal data.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- FSS chief vows stronger cybersecurity after data breaches en.yna.co.kr
- FSS chief vows stronger cybersecurity after data breaches koreatimes.co.kr
