Lee Chanjin: "Strengthening Cybersecurity Is a CEO's Responsibility"... FSS Governor Conducts First On-Site Drill Inspection

Realistic Response Drills Simulating DDoS Attacks, Ransomware, and Fires

"Directly Linked to Consumer Trust... Management Must Strengthen Attention and Investment"

Lee Chanjin, Governor of the Financial Supervisory Service (FSS), personally inspected the emergency response drill site for the FSS information system in response to increasingly sophisticated cyber threats, urging financial sector executives to take responsible roles in cybersecurity.

According to the FSS on May 8, Governor Lee attended the emergency response drill for the FSS information system conducted the previous day at both the FSS headquarters and the Disaster Recovery Center, where he oversaw the entire response process on-site. This marks the first time that the FSS Governor has directly visited a drill site.

Governor Lee monitored the entire drill, which took place from 7:00 p.m. to 8:30 p.m., after the close of business, closely reviewing the operation of the emergency response system.

He stated, “Ensuring information security and business continuity requires not just technical measures at the working level, but also the attention and commitment of top management to establish an effective response system.” He emphasized that financial sector executives must take a more proactive role in responding to cyber crises and building robust emergency systems.

He continued, “Amid the recent uncertainties at home and abroad, such as developments in the Middle East, the threat of cyberattacks has become a reality, making it more important than ever to establish a solid emergency response posture. As the FSS information system is a core infrastructure directly linked to financial consumers’ trust, I urge you to maintain an unwavering emergency response posture through realistic drills.”

Since last year, a series of personal information leaks at companies such as Lotte Card, SGI Seoul Guarantee, and insurance agencies has heightened awareness of cybersecurity. Moreover, the emergence of ultra-advanced artificial intelligence (AI)-based threats, exemplified by 'Mythos,' has further expanded security risks in the financial sector. Accordingly, Governor Lee called on financial industry executives to personally take responsibility for strengthening cyber defense capabilities, actively invest in IT security, and foster specialized personnel.

The FSS annually establishes and inspects an emergency response system and conducts regular drills to ensure stable operation and enhanced information security for its public information systems. This year’s drill reflected recent incidents of financial information system outages and the latest threat trends, aiming to ensure immediate and effective on-site response in the event of an actual incident. The drill was conducted based on scenarios simulating realistic crisis situations such as DDoS attacks, ransomware infections, and fires at headquarters.

An FSS official stated, “Through this drill, we will further refine detailed response procedures and conduct additional scenario-based drills by type later this year. We will continue our efforts to ensure the safety of the FSS information system.”

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