[Alpha Biz= Paul Lee] On May 15, the Financial Supervisory Service (FSS) convened a meeting with Chief Information Security Officers (CISOs) from the financial sector to emphasize the importance of a systematic response to growing cyber threats, including the recent hacking incident involving SK Telecom.



Lee Se-hoon, Senior Deputy Governor of the FSS, chaired the meeting and stressed that the ultimate responsibility for cybersecurity incidents lies with the Chief Executive Officer (CEO). “As financial institutions expand their business scope and operations, they must enhance their internal IT security capabilities accordingly,” Lee said. “Firms that focus solely on growth without adequate basic security infrastructure may face restrictions in their permissible business scope and scale.”



The meeting was prompted by heightened concerns over potential secondary damage from the SK Telecom breach, such as unauthorized financial transactions using compromised information. The FSS is currently operating an emergency response center and conducting daily monitoring to detect any signs of financial fraud or consumer harm linked to the incident.




Senior Deputy Governor Lee called on CISOs to focus on three key areas:

Establishing robust security systems

Strengthening internal cybersecurity competencies

Remaining vigilant against cyberattacks, particularly those that may be politically motivated



The FSS plans to maintain close surveillance of the financial sector for any fallout from the SKT breach and intends to bolster supervisory measures that reinforce the autonomy and IT resilience of financial institutions in an evolving digital environment.

 

 

 

 

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