Lee Chanjin: "AI Security Measures to Be Developed Through Talks with PIPC, Science Ministry and KISA, in Consultation with FSC" [2026 Parliamentary Audit]

"The NIS and Office of National Security are establishing the government's basic framework
The financial sector is also reviewing the issue... lawmakers should weigh in"

Lee Chanjin, governor of the Financial Supervisory Service (FSS), said on Oct. 22 that he would discuss the issue with relevant government ministries and agencies, including the Ministry of Science and ICT, the Personal Information Protection Commission, and the Korea Internet & Security Agency (KISA), and work with the Financial Services Commission to develop fundamental measures to improve financial security related to artificial intelligence (AI).

Financial Supervisory Service Governor Lee Chanjin answers lawmakers' questions during a parliamentary audit of the Financial Supervisory Service and other agencies at the National Assembly on the 19th. 2026.10.19 Photo by Yoon Dongju

Lee made the remarks during a parliamentary audit by the National Assembly’s Political Affairs Committee of the Financial Services Commission, the FSS and other agencies, after Rep. Son Myeongsu of the Democratic Party of Korea pointed out that security was actually becoming less reliable as more security programs were installed at banks.

According to Son, nine of 19 banks still require customers to install security programs, which hackers are exploiting. Ten security vulnerabilities were reported in AnySign, a public certificate authentication program used by banks. In a program called IPinside, 22 security vulnerabilities were found across seven related servers. By contrast, U.S. financial regulators explicitly require that “unnecessary programs be disabled or removed.”

Asked by Son, “At the last parliamentary audit, you were told to fundamentally redesign the AI-related security system from the planning stage. Is that work underway?” Lee replied, “We are reviewing the points you raised during the last audit of our agency. At a basic level, it seems that the government’s fundamental framework for AI security has been established to some extent by the National Intelligence Service and the Office of National Security.”

He added, “Within the government’s basic framework, we will look into what the financial sector can do, and I invite lawmakers to share what they can do as well. We will discuss with relevant agencies, including the Personal Information Protection Commission, the Ministry of Science and ICT, and KISA, how this can be applied in practice, and work with the Financial Services Commission to develop a plan.”

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