Chief regulator says efforts underway to ease network separation rules in response to AI security threats - The Korea Times

Financial Services Commission Chairman Lee Eog-weon delivers an opening speech for a public hearing for the adoption of Stewardship Code held at the Korea Exchange in Seoul, Monday. Yonhap

The chief of the country's financial regulator said Wednesday that his agency is accelerating moves to ease rules on so-called network separation in order to help financial companies better respond to rising security threats in the artificial intelligence (AI) age.

Earlier, the Financial Services Commission (FSC) said it will review plans to allow AI use for security purposes by easing network separation rules for financial firms.

Financial firms here are required to separate their internal network systems from external ones to stem cyber threats, such as hacking.

But high-end AI models such as Mythos have emerged as new types of major security threats, raising the need for financial companies to use AI technologies for security purposes.