Woori Bank Holds Awards Ceremony for 'WooriCon' Mock Hacking Competition

Woori Bank held the award ceremony for the 2nd Mock Hacking Competition 'WooriCON' at its headquarters in Jung-gu, Seoul on the 18th. Lee Won-duk, President of Woori Bank (third from the left), and Kim Cheol-ung, President of the Financial Security Institute (second from the right), along with other participants, are taking a commemorative photo with the award winners.

[Asia Economy Reporter Song Seung-seop] Woori Bank announced on the 19th that it held the award ceremony for the 2nd Mock Hacking Competition 'WooriCON' at its headquarters in Jung-gu, Seoul.

Woori Bank and the Financial Security Institute conducted the hacking competition for university and graduate students from the 26th to the 30th of last month. The competition was carried out by checking vulnerabilities from an attacker's perspective on Woori Bank's internet banking and Woori WON banking services. The award ceremony held the previous day was attended by Lee Won-duk, President of Woori Bank, and Kim Cheol-ung, President of the Financial Security Institute, among others.

The winners were selected considering the importance and impact of the discovered potential vulnerabilities. Through fair evaluations by security experts from the Financial Security Institute, white-hat hackers, and professors of information security departments, a total of five teams were selected: one grand prize, one excellence award, one merit award, and two encouragement awards. Winners will receive preferential treatment in document screening when applying for positions in Woori Bank's digital and IT sectors, as well as preferential benefits when applying to the Financial Security Institute.

Lee Won-duk, President of Woori Bank, stated, "With the advancement of IT technology breaking down the boundaries of finance, providing safe and convenient digital financial services has emerged as a very important task," and added, "We will take the lead in becoming the number one bank trusted by customers in information security."

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