Financial Security Institute "Security Inspection of 9 Overseas Branches of 4 Financial Companies"

Selectable Options Including Remote or On-site Inspection

[Asia Economy Reporter Minwoo Lee] The Financial Security Institute will conduct security inspections targeting overseas branches of financial companies.

On the 29th, the Financial Security Institute announced that it will carry out these inspections to support the safe overseas expansion of the financial sector. Nine overseas branches of four financial companies (in the United States, Hong Kong, etc.) are subject to the inspection. Additionally, prior to this, vulnerability assessments (including information security management system, network infrastructure inspection, and penetration testing) for overseas branches of two domestic financial companies will be conducted locally in Vietnam next month.

Financial companies can choose to undergo inspections through ▲on-site inspection ▲remote inspection combined with on-site verification ▲remote inspection depending on their circumstances.

The Financial Security Institute plans to expand inspections on various overseas compliance requirements requested by financial companies, alongside domestic standards, by conducting research and investigation on overseas regulations by country to provide optimized vulnerability diagnostics suitable for local overseas financial companies.

Kim Cheol-woong, President of the Financial Security Institute, stated, "By providing security vulnerability inspection services for the overseas divisions of financial companies, we aim to reduce security risks and secure security capabilities for financial companies, thereby enhancing their competitiveness in overseas expansion."

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