Lee & Ko (managing partner Kim Sang-gon) is joining hands with global cybersecurity company Palo Alto Networks to build a cooperative system for responding to cyber incidents.
Lee & Ko said on the 23rd that it signed a memorandum of understanding (MOU) with Palo Alto Networks to strengthen responses to cyber threats. In line with the trend of increasingly sophisticated and diversified cyberattacks targeting corporations recently, the aim is to establish a response system that combines legal advice with technical support.
Under the agreement, the two sides plan to share information on the latest security threat trends and compliance, and to cooperate in cyber incident response and information security consulting. The plan is to build an integrated service that covers everything from preventing incidents at corporations to post-incident technical support, compliance checks, and advisory support for dealing with regulators.
Lee & Ko has handled major cyber incidents since the "1/25 internet meltdown" in 2003, including personal information leaks at credit card companies. It also carried out response work from the initial on-site investigation stage during last year's SK Telecom personal information leak.
Lee & Ko's hacking incident response team consists of attorneys with experience in personal information, information technology (IT) and security, and finance, as well as information security practitioners. Experts who have worked at related agencies such as the Personal Information Protection Commission and the Ministry of Science and ICT and in corporate operations are also participating.
Palo Alto Networks is a global security company that provides integrated security solutions across networks, cloud, security operations, and artificial intelligence (AI). Through its in-house threat research organization "Unit 42," it also has capabilities for threat analysis and real-time response.
Attending the signing ceremony at Lee & Ko's headquarters in Jung-gu, Seoul, were managing partner Kim Sang-gon, attorney Go Hwan-gyeong, advisors Jang Seok-yeong, Kim Seo-gon and Jin Seong-cheol, and senior expert commissioner Park Jong-seop from Lee & Ko. From Palo Alto Networks, Park Sang-kyu, vice president Jo Jae-yong, director Lee Yong-seung, and Director General Hong Winnie were present.
Go Hwan-gyeong, head of Lee & Ko's TMT/DPC group and hacking incident response team, said, "Through our collaboration with Palo Alto Networks, we can provide clients with an integrated crisis management service that is effective not only legally but also technically," adding, "We will take the lead in minimizing management uncertainty for corporations caused by cyber incidents." Park Sang-kyu, head of Palo Alto Networks, said, "We are pleased to work with Lee & Ko to enhance the security governance of domestic clients," adding, "We will provide our AI-based cybersecurity platform and security intelligence capabilities tailored to Korea's legal environment."