Shinhan Bank Obtains Domestic and International Certifications for Information Security Management System

[Asia Economy Reporter Haeyoung Kwon] Shinhan Bank announced on the 6th that it has become the first domestic commercial bank to obtain both the Information Security and Personal Information Protection Management System (hereinafter ISMS-P) certification and the international standard certification for its global network.

ISMS-P is the highest-level security management system in Korea, overseen by the Financial Security Institute, which verifies whether an organization has established and operates management procedures and physical, technical, and administrative protection measures to safeguard key information assets from various security threats. It rigorously checks 80 items related to information security and 22 items related to personal information protection.

Since June of last year, Shinhan Bank began preparing to obtain ISMS-P certification by analyzing the flow of personal information within the bank from 'collection → use → provision → destruction' and strengthening security measures at each stage, thereby completing the establishment of a personal information protection governance system. Through this, the bank complies with the financial authorities' policy to establish an autonomous security system and secures legal credibility under the Network Act. It is also expected to enhance employees' awareness and capabilities regarding information security, improve customer trust, and elevate its external image.

Additionally, Shinhan Bank obtained ISO 27001, the most authoritative international standard information security certification, for its global branches. This recognition confirms the establishment of an internationally recognized information processing system management framework and security management processes. It is expected to greatly contribute to strengthening the competitiveness and trustworthiness of its global network in the future.

A Shinhan Bank official stated, "The core of digital competitiveness lies in whether customer data can be securely protected and utilized." He added, "Shinhan Bank will continue to build the highest-level information security systems domestically and internationally to become a more trusted financial institution."

This content was produced with the assistance of AI translation services.