The recent 7.7 DDoS Attack means a lot to Woori Financial Group (Woori). It has brought the threat of cyber terror to the forefront, and has forced Woori to work out anti-cyber terrorism measures to respond to similar attacks.
Woori affiliates such as Woori Bank, Gwangju Bank, Gyeongnam Bank and Woori Investment & Securities have already installed protection and detection systems which minimized the damage of the 7.7 DDoS Attack. They were also operating monitoring systems based on cooperation with the Information Sharing & Analysis Center (ISAC) for the purpose of dealing with next cyber terror effectively.
Nevertheless, there is still something bringing self-consciousness to the Woori banking system, and that is the rapid rise of banking transactions. Even though monitoring systems are working 24 hours a day and 365 days a year, if there are too many banking transactions rising rapidly in a short period of time, the defensive systems will become overloaded. This can cause serious problems such as connection delays.
Having this in mind, many experts recommend that the Korean government needs to establish some sort of control tower that works out comprehensive anti-cyber terrorism measures to respond to acts like the 7.7 DDoS Attack. At the same time, it is necessary for principal organizations and individuals to strengthen their security consciousness by working out exercises under simulated cyber terror in emergency situations.
Woori Financial Group is recently referring to professional suggestions such as developing interception systems, sorting out possible factors, operating monitoring systems, fully understanding related manuals, analyzing previous attacks, operating cyber damage control centers and running simulations regularly.
