FSI Chief Apologizes for Data Breach, Leaves After One-Minute Statement Without Details - THE ELEC, Korea Electronics Industry Media
Park Sang-won, president of the Financial Security Institute (FSI), apologized for a security breach involving the institute's continuous assessment system discovered on November 9, but provided no specific details about the incident.
The Financial Information Security Conference (FISCON 2026) opened at Conrad Seoul hotel on November 12 after FSI canceled a VIP event the previous day following the discovery of the hacking incident. Park appeared briefly before the ceremony but spent less than five minutes at the venue.
At approximately 3 p.m. on November 9, FSI detected abnormal external access to its continuous information security assessment system. The attacker reportedly accessed the system using a fraudulent Financial Supervisory Service account, with more than 230 IP addresses used in the attack. FSI has asked the National Police Agency to trace the IP addresses.
Limited Response
Park offered no detailed explanation of how the breach occurred or the status of the response, despite promising a thorough investigation and comprehensive system inspection. "I apologize to the public and financial industry officials for the concern caused by the data breach that occurred on Nov. 9," he stated.
I deeply regret that this incident occurred despite our responsibility as a specialized financial security institution to maintain the highest standards of security.
Park previously worked at the Financial Supervisory Service but reportedly has no practical experience in cybersecurity or responding to security breaches. The FSI conference proceeded under the theme "Today's Strategies for the Next Era of Finance," addressing financial paradigm changes, AI security innovation, and cyber threat responses.
Related
