The financial authorities will hold a meeting on the 14th to review security inspection results related to hacking incidents in the financial sector and discuss follow-up responses.According to the financial authorities, the Financial Services Commission will hold a meeting in the afternoon chaired by Secretary-General Shin Jin-chang with related agencies including the Financial Supervisory Service and the Financial Security Institute to review the status of security measures and responses in the financial sector. The meeting will review the recent security situation in the financial sector at the level of the financial authorities. In particular, with customer data breaches occurring the previous day at the Korean Federation of Community Credit Cooperatives (KFCC) and OK Savings Bank as well, they are expected to look into preventing additional damage and any links to the earlier incidents.The Financial Services Commission inside Government Complex Seoul in Jongno-gu, Seoul. /Courtesy of News1As data breaches affecting financial-sector customers followed one after another starting with Shinhan Bank at the end of last month, the financial authorities ordered a self-inspection of security across the sector and required the results to be reported. The Financial Supervisory Service (FSS) and the Financial Security Institute sent a checklist containing attacker internet protocol (IP) addresses and action items to the entire sector, and banks and card companies finished their inspections on the 6th. The remaining industries completed their inspections by the 8th and reported to the financial authorities.So far, KB Kookmin, Shinhan, Hana, BNK Busan Bank, Yegaram Savings Bank, Welcome Savings Bank, Hyundai Capital, PFCT (PFCT) and MOUDA, the Korean Federation of Community Credit Cooperatives (KFCC), and OK Savings Bank are known to have suffered hacking damage.※ This article has been translated by AI. Share your feedback here.
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