Financial Supervisory Service Chief: "Introducing New Supervisory Tool 'Cyber Threat Intelligence' from October"

Attended 'Seoul Fintech Week 2023' and Delivered Congratulatory Speech
"Supporting Startups to Fully Secure Opportunities for Innovation"

Lee Bok-hyun, Governor of the Financial Supervisory Service, is delivering the keynote speech at 'FSS SPEAKS 2023' held on the 13th at the Federation of Korean Industries building in Yeouido, Seoul. Photo by Kang Jin-hyung aymsdream@

Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), announced on the 4th that the agency will introduce 'Cyber Threat Intelligence' from this month, which enables the collection and analysis of threat information such as the dark web, a channel for cybercrime. This is a new supervisory tool of the FSS, aimed at supporting the financial sector to respond efficiently to cyber threats.

On the 4th, Governor Lee attended 'Seoul Fintech Week 2023' held at Dongdaemun Design Plaza in Seoul and said, "No matter how innovative a service is launched, if digital finance malfunctions such as hacking or information leakage occur, the trust of financial consumers can collapse in an instant."

He added, "To promote digital financial innovation, we will strengthen communication and collaboration between fintech companies and financial authorities, as well as between fintech companies and financial institutions." He continued, "Through the visiting financial regulatory sandbox, we will communicate with early-stage startups and actively promote regulatory rationalization for inconveniences, supporting startups with new technologies and ideas to fully secure opportunities for innovation."

He also emphasized, "By establishing various collaboration models with financial companies through joint proof of concept (Joint PoC) and overseas joint expansion, we will expand business opportunities for fintech companies."

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