Lee Chan-jin, head of the Financial Supervisory Service, visited the site of a "blind penetration testing drill" underway for the financial sector to inspect the cyber defense response system.
The Financial Supervisory Service said on the 14th that on the 12th, the chief visited the Financial Security Monitoring Center of the Financial Security Institute and checked the status of the drill.
Blind penetration testing is a drill in which a white-hat hacker attempts hacking without prior notice of the time and target. It is conducted to check financial companies' hacking detection and defense capabilities and emergency response systems.
This drill is underway in line with the "preemptive digital risk supervision plan" released in April. The drill's targets expanded from 20 companies last year to 40 this year, and the frequency increased from once a year to twice a year, in the first and second half.
After reviewing distributed denial-of-service (DDoS) attacks, server hacking, and penetration drills, the chief said, "Cybersecurity is a core management risk directly linked to the stable operations of financial companies and consumer trust," adding, "CEOs and other executives must personally inspect response systems and move to strengthen security capabilities."
The Financial Supervisory Service (FSS) plans to address company-specific vulnerabilities identified in this drill while sharing common vulnerabilities across the industry to enhance the overall response capabilities of the financial sector.