| Mobile Web

Search results for ISMS

AI & Enterprise

Retriever raises pre-seed funding to speed development of AI-based security certification automation solution

Retriever, which provides the AI-based information security management system certification response automation solution Klarisk, said on June 9 it raised pre-seed funding from Mashup Ventures. The company said Klarisk uses AI to automate governance, risk and compliance work by analysing corporate data to identify compliance status and risks and suggest improvements. Retriever also secured up to 500 million won in R&D funds through the TIPS programme and is conducting technology verification with NH cooperative partners.

Finance

ELS fines cut to 600 billion won after local elections, financial policy in focus

With the June 3 local elections over, attention in South Korea’s financial sector is shifting back to financial authorities and the National Assembly. Issues that lost traction during the campaign, including governance reform at financial holding firms, digital asset regulation, loan rules for non-resident single-homeowners and a compensation liability system for voice phishing, may return to the agenda in the second half. Regulators have also adjusted ELS sanctions and stepped up work on consumer protection and AI security threats.

AI & Enterprise

Draft amendment to enforcement decree of Personal Information Protection Act put up for public comment

South Korea\'s Personal Information Protection Commission will put a draft partial amendment to the enforcement decree of the Personal Information Protection Act up for public comment from June 2 to July 13. The move follows revisions to the law taking effect on Sept. 11. The draft details which personal information processors must obtain board approval and report to the commission when appointing, changing or dismissing a chief privacy officer, and sets reporting procedures and timelines. It also specifies ISMS-P certification obligations, breach-risk notice requirements and fine standards.