Financial Authorities Establish SK Telecom Emergency Response Headquarters... "No Unusual Signs Detected So Far"

Financial authorities have established an "Emergency Response Headquarters" to prevent financial security incidents resulting from SK Telecom's USIM information leak. This headquarters will check the response status and any unusual developments in the financial sector on a daily basis.

On the morning of April 30, the Financial Services Commission, led by Secretary General Kwon Daeyoung, held a "Financial-Related Institutions Inspection Meeting on the SK Telecom USIM Information Leak Incident" with the Financial Supervisory Service, related financial institutions, and financial associations. This decision was made in response to growing consumer concerns over the safety of electronic financial transactions following the recent USIM information leak incident.

During the meeting, participants confirmed that no unusual signs, such as fraudulent authentication, have been detected so far. They also agreed on the need to maintain a constant state of readiness in anticipation of possible future incidents. The importance of strengthening financial companies' Fraud Detection Systems (FDS) to prevent fraudulent authentication, as well as the need for swift information sharing and systematic response in the event of any signs, was also emphasized.

Accordingly, financial authorities have decided to set up and operate an Emergency Response Headquarters that will report the financial sector's response status and any unusual developments on a daily basis to establish a rapid communication system. The Emergency Response Headquarters, which reports directly to Lee Sehun, Senior Deputy Governor of the Financial Supervisory Service, consists of a Comprehensive Response Team, Constant Monitoring Team, Incident Response Team, and Reporting Center. It will work closely with related organizations such as financial associations, the Financial Security Institute, the Korea Credit Information Services, and the Korea Financial Telecommunications & Clearings Institute.

In addition, financial authorities instructed strict adherence to security guidelines to prevent damage, and ordered financial infrastructure institutions such as the Korea Financial Telecommunications & Clearings Institute and the Korea Credit Information Services to strengthen ongoing security inspections against hacking and other threats.

Kwon, who presided over the meeting, emphasized, "If this incident leads to a financial security breach, it could cause serious damage and social anxiety. In order for everyone to continue their financial transactions with peace of mind, financial authorities, related organizations, and financial institutions must all work together with heightened vigilance."