Shinhan Financial Group Strengthens Information Security System... Expands Accountability to All Employees

Information Security Assessment to Take Greater Role in Next Year's Management Plan
Training for Board of Directors Also Introduced

Shinhan Financial Group is set to fully implement its 'Accountability-Based Information Security System.' The company will institutionalize this system by expanding the scope of responsibility to all employees, and plans to significantly increase the weight of information security assessments in next year's group management plan. For the first time among financial groups, Shinhan will also conduct information security training for its board of directors.

On September 25, Shinhan Financial Group announced that it has established these measures to safely protect customers' financial information and strengthen the information security capabilities of its group companies amid the rapidly changing digital financial environment.

This strategy will be promoted through: ▲ Strengthening the accountability-based information security control system ▲ Conducting information security training for the Shinhan Holdings board of directors ▲ Enhancing information security evaluation within the group management plan.

First, in addition to the previously established executive accountability structure and internal control manual for department heads, Shinhan has introduced a new statement of internal control activities for employees. This document records information security-related responsibilities and activities by job function, aiming to clearly manage employees' roles in information security. Starting with the bank and card subsidiaries, the scope of accountability will be expanded from executives and department heads to all employees and institutionalized. This will clarify responsibilities and document job functions so that, in the event of an issue, the exact cause can be identified and a swift response can be made.

In addition, for the first time among financial holding companies, Shinhan will conduct information security training for its board of directors. On September 26, Shinhan Financial Group will invite the president of the Financial Security Institute and other experts to the board meeting to conduct training on 'The Importance of Financial Security and Considerations for the Board in the Era of Digital Transformation in Finance.' The company expects this training to enhance the responsibility and capabilities of its top management.

Furthermore, Shinhan plans to significantly increase the weight of information security-related assessments in next year's group management plan. This is intended to enhance execution and review the adequacy of related initiatives at each group company. Increases in personnel and budget for major group companies will be reflected as key evaluation indicators to ensure proactive accountability management.

A Shinhan Financial Group representative stated, "As digital finance becomes more widespread, information security has become a core task for securing customer trust and enhancing corporate value, going beyond mere security activities. We will continue to expand and strengthen our information security control system across all group companies through proactive investment and innovation, providing customers with reliable and secure financial services."

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