Financial Security Institute Expands Member Firms to 25 With 11 New GA Members, Offers Customized Security Support
TECHWORLD ·
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The Korea Financial Security Institute said on the 22nd that 11 corporate insurance agencies, or GAs, newly joined as member firms this year.
The newly joined GAs include Samsung Fire & Marine Insurance Service, Honors Financial Service, M Financial Service, and eight others.
With 11 added this year, the number of GA member firms rose to 25, and the institute's total number of member firms increased to 233.
The Korea Financial Security Institute said on the 22nd that 11 corporate insurance agencies, or GAs, newly joined as member firms this year. Following GA memberships last year, the institute expanded member enrollment from GAs again this year.
The 11 GA member firms that joined this year are Samsung Fire & Marine Insurance Service, Honors Financial Service, M Financial Service, Youngjin Asset, G-Star Financial Service, Toss Insurance, Sarangmoa Financial Service, Sky Blue Asset, IFC Group, IFA, and ABA Financial Service.
After 14 GAs joined last year and another 11 were added this year, the Korea Financial Security Institute expanded the number of GA member firms to 25. As a result, the institute's total number of member firms increased to 233.
For GAs that have joined as member firms, the institute provides services including integrated security monitoring, prevention and response to cyber incidents, cyber incident response drills, vulnerability assessments, penetration testing, and specialized financial security training. The level of service is the same as that provided to financial companies.
Last year, the institute also provided specialized services to the 14 GAs that joined. These services included information security consulting reflecting the unique operational characteristics of GAs, customized security framework offerings, technical diagnostics, and training support.
The customized information security consulting was conducted with a focus on supporting on-site inspections, and the consulting target was to assess each GA's overall security level. The consulting served to identify and analyze areas for improvement.
The institute said this represented a major achievement in that it laid the groundwork for establishing an information security system for GAs. The on-site inspection support consulting was interpreted as helping examine the security status of GA firms and organize improvement tasks, thereby building a foundation for their information security systems.
The institute plans to continue supporting and checking whether each firm's improvement measures are implemented. Park Sang-won, president of the Korea Financial Security Institute, said that the institute will strengthen security services tailored to GA business and system characteristics through a dedicated GA security team and support GAs in securing independent security capabilities.
Park Sang-won also said he plans to provide inspection support for entrusted firms to non-member GAs and operate an insurance company-GA information security consultative body to lead improvements in the security level of the GA sector as a whole. He also said the institute will continue to push ahead with expanding GA member enrollment to solidify a joint security response system across the financial sector and create a security environment in which isolated vulnerabilities do not spread into broader risks, as well as one in which everyone in the financial sector can feel secure.
Source: TECHWORLD · Kim Hye-jin
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407280
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Source: TECHWORLD
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