Financial Security Institute Launches 'Rapid Response Support System' Ahead of MyData Implementation

Overview of the Financial Security Institute's API-based MyData Rapid Response Support System. Photo by Financial Security Institute

[Asia Economy Reporter Song Seung-seop] The Financial Security Institute announced on the 3rd that it will activate a rapid response support system in accordance with the full implementation of the MyData (personal credit information management business) project.

Under this system, a technical response support framework will be established to promptly resolve issues and difficulties to ensure that MyData operators can provide services stably. So far, the Financial Security Institute has been developing standard specifications and publishing guidelines to ensure there are no disruptions in the application of APIs (Application Programming Interfaces) for financial MyData services.

In addition, hacking attempts and threats targeting MyData operators and information providers will be detected and shared in real time. The 24-hour real-time security monitoring system will be strengthened so that MyData operators can respond quickly. In the event of a security breach, an analysis and incident response support system will also be established to minimize financial consumer damage.

Kim Cheol-woong, President of the Financial Security Institute, emphasized, “We will continue to provide the necessary support for information protection and security to ensure the reliability and safety of MyData, so that the API-based MyData service can be established early in the market and financial consumers can use MyData services safely and conveniently.”

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