Financial Authorities Share 'Cybersecurity Best Practices' with Government Departments

Kwon Daeyoung, Secretary General, Emphasizes the Importance of Robust Security Management in Digital Finance

On the 9th, officials were busy moving in the corridor of the Financial Services Commission at the Government Seoul Office in Jongno-gu, Seoul, where the financial authorities decided to include mortgage loans (Judaemae) in the 'debt refinancing' infrastructure scheduled to be launched in May by the end of the year. The financial authorities explained that they aim to reduce the interest burden on mortgage loans by establishing a debt refinancing platform that allows users to compare financial sector loan interest rates at a glance and switch loans easily. Photo by Dongju Yoon doso7@

The Financial Services Commission (FSC) announced on the 21st that it held a 'Cybersecurity Best Practices Briefing' jointly with the Financial Supervisory Service (FSS) for cybersecurity officers across government ministries.

This briefing was organized as a measure in response to recent incidents related to cybersecurity failures, aiming to enhance the nation's overall cybersecurity response capabilities by sharing the cybersecurity management systems and best practices in the financial sector at a cross-ministerial level. Attendees included Shin Yong-seok, Cybersecurity Secretary of the National Security Office, Kwon Dae-young, Secretary General of the FSC, cybersecurity officers from ministries such as the Ministry of the Interior and Safety, Ministry of Science and ICT, National Intelligence Service, Prosecutor's Office, National Police Agency, Cyber Operations Command, Ministry of Health and Welfare, Ministry of Land, Infrastructure and Transport, as well as CISOs (Chief Information Security Officers) from leading financial companies with excellent security.

The keynote presentations introduced the financial sector's cyber threat prevention and response systems, governance, and the monitoring system of the Financial ISAC (Integrated Security Control System). Case presentations shared ▲major failure cases in the financial sector and guidelines to strengthen financial IT safety ▲security systems of financial companies and incident response training cases. In particular, the results of the 'Blind Simulation Training through White Hackers' conducted on February 16 were shared, and plans to expand its application to other industries were discussed.

In his opening remarks, Secretary General Kwon Dae-young emphasized that "to actively utilize digital finance, which is a strength of our financial industry, financial stability must be guaranteed," highlighting the importance of robust security management. He added, "This is a time when balancing convenience and security in digital finance policies is necessary, requiring policy design based on autonomous security and accountability," urging the financial sector to ▲implement financial security systems based on Zero-Trust principles ▲strengthen response postures against cyber threats and enhance cyber resilience.

Earlier, the FSC announced amendments to the Electronic Financial Supervisory Regulations, which focus on shifting from rule-based security discipline to principle-based approaches and strengthening resilience to actively respond to evolving cyber threats.

Meanwhile, Shin Yong-seok, Cybersecurity Secretary, who attended the briefing, stated, "There are many threat factors related to cybersecurity recently, requiring special attention and proactive responses," urging thorough efforts to prevent inconvenience or damage to the public.

The Financial Services Commission plans to actively respond to evolving cyber threats through proactive measures against various emerging IT risks and closer cooperation with the industry and related ministries.

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