Financial Institutions Strengthen IT Risk Management, Placing Board of Directors for Final Responsibility for Outsourced IT Accidents

연합뉴스-Yonhap News Agency

Lean Right

Factuality

Ownership

(Seoul = Yonhap News) Reporter Kang Ryu-na = From now on, if a financial company outsources IT operations and an accident such as a failure, hacking, or data leakage occurs, the board of directors bears final responsibility...

조선일보

Lean Right

Factuality

Ownership

The Financial Supervisory Service announced new guidelines that include strengthened board responsibilities, due diligence, and data management obligations to prevent risks arising from financial institutions' increasing reliance on external IT services.