Woori Bank to Hunt for Financial Security Vulnerabilities... Hosts Penetration Testing Competition
TECHWORLD ·
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Woori Bank announced on the 7th, together with the Korea Financial Security Institute, that it will host the 6th penetration testing competition, "WooriCON."
The competition will bring together 40 teams and 109 undergraduate and graduate students who passed the document screening round, and will run from the 7th to the 18th, targeting digital banking services such as Woori Bank internet banking and WooriWON Banking.
A total of 4 teams will receive awards, with a total prize pool of KRW 4.6 million, and winners will also receive preferential treatment in document screening when applying for positions in Woori Bank's Tech division and at the Korea Financial Security Institute.
Woori Bank announced on the 7th, together with the Korea Financial Security Institute, that it will host the 6th penetration testing competition, "WooriCON." Through the competition, Woori Bank plans to detect and eliminate potential security vulnerabilities in digital banking.
WooriCON was launched by Woori Bank in 2021 and is being held for the 6th time this year. The competition is part of the bank's socially responsible management efforts to foster outstanding information security talent and support youth employment.
The competition will bring together 40 teams and 109 undergraduate and graduate students who passed the document screening round. It will run from the 7th to the 18th, and the systems targeted will include Woori Bank internet banking and WooriWON Banking, among other digital banking services.
The competition will be conducted in a Bug Bounty format to detect and eliminate potential security vulnerabilities. Awards will be determined based on evaluations of the severity of the vulnerabilities discovered by each team.
A total of 4 teams will be recognized, including 1 grand prize winner, 1 top prize winner, 1 excellence award winner, and 1 encouragement award winner, with a total prize pool of KRW 4.6 million. Winners will also receive preferential treatment in document screening when applying for positions in Woori Bank's Tech division and at the Korea Financial Security Institute.
Seo Seung-yeon, head of Woori Bank's information security department, said that with the rapid evolution of AI-based cyberattacks, it is difficult to respond using only existing security systems.
Under these circumstances, Seo said she hopes the competition will become an opportunity to proactively respond to new types of cyberattacks and serve as a venue for discovering information security professionals.
Source: TECHWORLD · Lee Gwang-jae
Original: https://www.epnc.co.kr/news/articleView.html?idxno=406612
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Source: TECHWORLD
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