The Financial Security Institute of Korea recently distributed its “Guidelines on the Use of Cloud Computing Services in the Financial Industry” (the “Guidelines”) to provide an overview of the detailed procedures that financial companies and electronic financial business operators are required to take pursuant to Article 14-2 of the Electronic Financial Supervisory Regulations when using cloud computing services. The Guidelines became effective from January 1, 2019 and include recommendations to ensure the safety of the financial system and increase the protection of customers.
For more details on this udpate, please see the attached PDF.
Attachment Guidelines on the Use of Cloud Computing Services in the Financial Industry.pdf
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