Financial Security Institute Hosts Seminar on Financial Information and Personal Data Protection Certification

The Financial Security Institute announced on the 18th that it will hold a seminar in Yeouido on the 27th to effectively support the financial sector's autonomous security system and to enhance understanding of the Information Security and Personal Information Protection Management System (ISMS-P) certification system.

At this seminar, experts such as lawyer Lee Jeong-min from Kim & Chang Law Office and senior investigator Lee Ji-yeon from the Financial Supervisory Service will present on the major current status and understanding of laws and systems related to personal information protection in the financial sector, as well as cases of violations and sanctions under the Credit Information Act. With the recent increase in cloud utilization and the growing importance of information security management, Shin Eun-su, an architect at Amazon Web Services (AWS), will give a presentation on financial sector cloud policies and security management directions.

Following the financial authorities' recent policy to establish an autonomous security system, the adoption and utilization of digital new technologies in the financial sector have become more flexible, while accountability for incidents has been strengthened. As a result, the importance of the ISMS-P certification system, which is based on autonomous security, is expected to continue increasing. In fact, the total number of certification audits conducted by the Financial Security Institute since 2015 has expanded from 27 cases to 128 cases. Among these, ISMS-P audits that include the personal information protection area have increased elevenfold (from 4 cases to 45 cases) since the first audit in 2019.

Park Sang-won, President of the Financial Security Institute, stated, "Information security and personal credit information protection are essential core requirements in the digital innovation of financial services," adding, "The Financial Security Institute will continue to actively support the establishment and operation of effective autonomous security systems not only for existing financial services but also for digital asset services, whose importance has increased."