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Finance

Woori Bank, Financial Security Institute to hold mock hacking contest to find security flaws

Woori Bank will hold the sixth mock hacking competition, WooriCON, with the Financial Security Institute to identify potential security vulnerabilities in its digital banking services. The event runs from Sept. 7 to 18 and includes 109 university and graduate students across 40 teams that passed document screening. Teams will compete in a bug bounty format. Woori Bank will select four winning teams and award 4.6 million won in total prizes.

AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.

AI & Enterprise

LG Uplus launches global bug bounty with HackerOne

LG Uplus will operate a global bug bounty programme from Aug. 24 in partnership with HackerOne, the company said. The programme will cover all of LG Uplus\' services, including mobile, internet and enterprise services, and aims to find potential vulnerabilities that are difficult to detect through domestic security verification alone. Participation will be limited to vetted, experienced white hackers in a private format, with continuous reporting used to detect threats and improve weaknesses.