Samsung Fire & Marine Insurance Receives 'Financial Services Commission Chairman's Award for Contribution to Financial Security'

Establishing a Robust Personal Information Protection System
Reinforcing Responsible Management Through Board Reporting of Key Issues

Samsung Fire & Marine Insurance announced on July 13 that it received the 'Financial Services Commission Chairman's Award for Contribution to Financial Security' at the 'Information Security Day Commemorative Event' hosted by the Financial Security Institute on July 10.

Samsung Fire & Marine Insurance Headquarters, Seocho-gu, Seoul. Samsung Fire & Marine Insurance

Information Security Day is a legal commemorative day established to prevent cyberattacks against government agencies and financial companies and to promote a culture of information security.

This commemorative event was held to bring together leaders in the financial sector to share key issues and seek joint response measures, especially as security threats increase with the growing sophistication of artificial intelligence (AI)-based cyberattacks.

Samsung Fire & Marine Insurance was awarded for its outstanding efforts to expand investment in information security, strengthen governance, enhance its capabilities to respond to cyber threats, and establish a robust personal information protection system.

The company has continuously advanced its company-wide security management system and operates a system to report major information security issues to its board of directors, thereby reinforcing responsible management for information security.

To prevent security incidents, Samsung Fire & Marine Insurance conducted an information security assessment and established a three-year mid- to long-term plan for systematic security enhancement. In addition, the company proactively encrypted key personal information, including not only resident registration numbers but also names and contact details of customers.

Furthermore, Samsung Fire & Marine Insurance has consistently renewed certifications such as the Information Security Management System-Personal Information Protection (ISMS-P) and the international information security standard (ISO27001).

Cho Sungok, Chief Information Security Officer (CISO) at Samsung Fire & Marine Insurance, stated, "Our continued efforts to safely protect customers' personal information from ever-evolving cyber threats and attempted information leaks have led to this award." Cho also added, "We will continue to enhance our core business competitiveness by building an AI security system and thoroughly managing personal information to become a financial company that earns even greater trust from customers."

This content was produced with the assistance of AI translation services.