Science & Tech · Cybersecurity · 2 hrs ago
Woori Bank and security institute award student hacking contest winners
Woori Bank and the Financial Security Institute held a student cybersecurity contest in South Korea.
The awards ceremony for the sixth WooriCON contest took place at Woori Bank’s headquarters on October 28.
The contest drew 40 university teams, with 109 participants, and ran from September 7 to 18.
Participants looked for weaknesses and hacking risks in Woori Bank’s internet banking and Woori WON banking services, using a system that rewards reports of security flaws.
Woori Bank chief executive Jung Jin-wan said basic security practices are key to preventing financial incidents, even as hacking methods grow more advanced.
He said the bank would support WooriCON as a route into the field for young people and provide services customers can use with confidence.
Woori Bank and the Korea Financial Security Institute held an awards ceremony for the sixth WooriCON simulated hacking contest.
The contest involved 40 university and graduate student teams, with 109 participants.
Participants searched for security vulnerabilities and hacking risks in Woori Bank’s internet banking and Woori WON Banking services.
The contest ran from September 7 to 18, and the ceremony took place at Woori Bank’s headquarters on October 28.
Woori Bank CEO Jung Jin-wan said strong basic security practices are key to preventing financial incidents.
- Who
- Woori Bank and the Korea Financial Security Institute jointly hosted the contest. University and graduate students took part.
- What
- They held an awards ceremony for the sixth WooriCON simulated hacking contest.
- When
- The contest ran from September 7 to 18. The awards ceremony was held on October 28.
- Where
- At Woori Bank’s headquarters in Seoul.
- Why
- Participants sought security vulnerabilities and hacking risks in Woori Bank’s banking services. Jung said the contest would help develop young people who can lead financial security.
This story does not have two clearly opposing sides.
The sixth WooriCON contest took place, with participants searching for vulnerabilities in Woori Bank’s online banking services.
Woori Bank held the contest’s awards ceremony at its headquarters.
Yonhap reported Woori Bank’s account of Jung Jin-wan’s remarks at the ceremony.
- Contest
- Sixth WooriCON simulated hacking contest
- Hosts
- Woori Bank and the Korea Financial Security Institute
- Participants
- 40 university and graduate student teams; 109 people
- Contest dates
- September 7–18
- Awards ceremony
- October 28, at Woori Bank’s headquarters in Seoul
1 source
What people are saying
Even as hacking methods become more advanced, the strength to prevent financial incidents comes from being faithful to the basics.
We will provide financial services that customers can use with confidence through security that follows the basics, and support WooriCON so it can become a gateway for young people who will lead financial security.