'Cyber Threat Response' Woori Bank Holds Award Ceremony for Penetration Testing Competition

Woori Bank announced on the 15th that it held the awards ceremony for the mock hacking competition 'WooriCon,' co-hosted with the Financial Security Institute on the 14th.

The WooriCon competition was held over five days from the 7th to the 11th of last month with the purpose of proactively responding to cyberattacks by black hat hackers. A total of 77 university and graduate students (22 teams), recommended by their academic advisors, participated as white hat hackers and engaged in fierce competition.

The judging panel, composed of security experts from the Financial Security Institute, white hat hackers, and professors from information security departments, evaluated each team's results considering the risk and impact of hacking damages, and awarded five teams as outstanding. Awardees will receive preferential treatment during document screening when applying for positions in Woori Bank's Digital and IT divisions as well as at the Financial Security Institute.

The awards ceremony was attended by Cho Byung-kyu, President of Woori Bank; Kim Cheol-ung, President of the Financial Security Institute; Park Chun-sik, Professor at Ajou University and chair of the WooriCon judging panel; and Kim Hwi-gang, Professor at Korea University, among others.

President Cho stated, “As cyber threats are becoming increasingly intelligent and sophisticated, security measures to counter them have emerged as a very important task. We will continue to proactively respond to cyber threats and strive to nurture outstanding talent in information security.”

At the awards ceremony for the mock hacking competition "WooriCon" held on the 14th at the Woori Bank headquarters in Jung-gu, Seoul, Cho Byung-kyu, President of Woori Bank (third from left), Kim Cheol-ung, Director of the Financial Security Institute (second from right), Kim Baek-su, Vice President of Woori Bank Information Security Group (first from right), Park Chun-sik, Professor at Ajou University (second from left), and Kim Hwi-gang, Professor at Korea University (first from left) are posing for a commemorative photo with the grand prize winner. Photo by Woori Bank

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