Woori Bank Hosts 'WooriCon' Mock Hacking Competition with Financial Security Institute

Registration for Participation Open Until the 20th

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 5th that it will jointly hold the financial sector's first ethical hacking competition, 'WooriCON,' with the Financial Security Institute from the 1st to the 5th of next month.

This competition is held in the form of a 'Bug Bounty' program aimed at university and graduate students to identify and eliminate potential security vulnerabilities in Woori Bank's internet banking and Woori Won banking services.

Applicants wishing to participate can submit their application forms via email from the 5th to the 20th. Detailed information about the competition can be found in the announcements section on Woori Bank's website.

Awards will be determined by evaluating the importance of the discovered potential vulnerabilities, selecting five teams in total: Grand Prize (1 team), Excellence Award (1 team), Merit Award (1 team), and Encouragement Award (2 teams), with a total prize of 11 million KRW. Additionally, only awardees will receive preferential treatment during document screening when applying for positions in Woori Bank's Digital/IT departments and the Financial Security Institute.

Kwon Kwang-seok, CEO of Woori Bank, stated, "As the digital transformation of finance accelerates, the risks and impact of cyberattacks are also increasing, making the improvement of potential security vulnerabilities and the cultivation of future information security talents very important tasks. I hope this competition, jointly hosted by Woori Bank and the Financial Security Institute, will be a great opportunity for talented individuals to demonstrate their skills."