"Safe Even Overseas"... Shinhan Bank Establishes 'Global Integrated Security Control System'

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 30th that it has established a 24-hour operational "Global Integrated Security Control System" capable of responding locally to intrusion threats occurring in each country, targeting all local subsidiaries and overseas branches in 20 countries.

Amid the rapidly changing digital environment, various cyberattacks have surged, and especially with the increasing possibility of hacking through overseas networks and the resulting risk of damage, a strong security infrastructure and operational system for proactive response were necessary.

Accordingly, Shinhan Bank built a global security control system to continuously monitor various cyberattacks, such as hacking and ransomware, even overseas, and linked it to the domestic intelligent security control system to establish a system that organically manages the detection, analysis, and real-time response of various intrusion attacks.

In addition, by promoting the project centered on Korea, where there is abundant experience and know-how in building security control systems, and by standardizing the threat response process in Korea as a global standard model and unifying the criteria, the overall threat response level of overseas branches was elevated and standardized.

Through this, a foundation was laid to proactively respond to compliance requirements from local financial authorities and cyber threats globally, and Shinhan Bank customers can now use Shinhan Bank’s network in 20 overseas locations to receive safer and more convenient financial services, including overseas remittances.

A Shinhan Bank official said, "We have established a safer financial security network overseas so that customers can use global financial services with peace of mind," adding, "We will focus on transferring domestic operational know-how and strengthening the capabilities of personnel so that local subsidiaries can autonomously operate security control, and we will promote the advancement of AI-based global security control by applying digital new technologies linked with domestic systems."

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