To understand how real the threat of cybercrime is to private companies, one need only look at Notpeya, an impish piece of malware hidden in a seemingly innocuous tax software package. The virus struck Ukraine in 2017, knocking out federal agencies, transport systems, cash machines—even the radiation monitors at Chernobyl. It then went rogue.
Notpeya wormed its way from the computers of multinational firms with local outposts in Ukraine to their global operations, causing collateral damage to victims ranging from Maersk and Saint-Gobain, to American drugmaker Merck, the last of which lost 40,000 computers in the blink of an eye and was forced to halt manufacturing of its human-papillomavirus vaccine. The total damage caused by the hit was put at $10bn, making it the costliest such attack ever.
This was a wake-up call for businesses (and governments) who had downplayed the impending need to shore-up cyber defences. Private investment into cybersecurity is at record high levels, and keeps growing every year. Two years ago, South Korea's ICT Ministry predicted that ₩670bn would be spent on cybersecurity by 2023, but this amount will almost certainly be surpassed. Just a month ago, President Yoon Suk-yeol decided to form an interagency task force to deal with cybersecurity issues, after the day-long failure of KakaoTalk caused massive disruption in South Korea. Although this was due to a fire, it showed the dangers posed by any potential hack or cyber attack.
While the government is now paying more attention, are companies doing enough to protect themselves? What are the new threats to be faced in 2023? How much are companies allocating to cyber protection, and how much should they? At this roundtable discussion, we bring together experts who understand and can explain the technical complexities of cyber threats, as well as representatives from the corporate world and who can update our network members on the key challenges for one of this year's most critical topics.
7:30 AM - 7:45 AM
Registration and networking
7:45 AM - 8:00 AM
8:00 AM - 9:15 AM
Four Seasons Hotel Seoul, ARA I
97, Saemunan-ro, Jongno-gu, Seoul, Korea (South)
If you have any questions please contact EICN North Asia
Executive Vice President at Standard Chartered Bank Korea
Philip H Kim is an entrepreneur and corporate executive in the information technology, cyber security and financial service business. He was appointed as the CISO (Chief Information Security Officer) of Standard Chartered Bank Korea in July 2014. He is in charge of the comprehensive coverage of information and cyber security policy and practices for the bank. He has more than 32 years of IT experiences, including 27 years in the management role of the information security business. He received a citation award from Head of Financial Services Commission in 2020 and the Best CISO Award from Korea Forum of CIO in 2015.
Prior to his current role, Philip served as the CEO of AhnLab, the largest information security software and service company in Korea. In AhnLab, he expanded the company’s business portfolio and increased revenue by 240% in 6 years. Before AhnLab, he led SecureSoft as the founder and CEO for 9 years. He worked at Samsung Electronics prior to SecureSoft. As a cyber security expert, he also served as an adjunct professor at Korea University and Hanyang University.
He was invited to present keynote speeches at renowned industry events and technical seminars as a fluent communicator in technology-related trends. He has also been involved in various cyber security activities, specifically playing a leading role during nationwide cyber attacks. He has received numerous awards for his contributions to cyber security, including the Presidential Awards. Also, he served as a member of advisory roles including the National Economic Advisory Council, Advisory committee of FSS (Financial Supervisory Service), Advisory Committee of Korean Navy, and the board of directors at FSI (Financial Security Institute). Currently he is serving as a member of the Financial Development Committee and the Financial Regulatory Reform Committee.
Philip Kim holds a Ph.D. in computer engineering from Purdue University and an M.S. and B.S. in electronics from Seoul National University. He received the Honorable Alumni Awards from both schools. Philip also authored the book, ‘Who Owns the Future?’ and ‘Securing the Future’ published in 2013 and 2015 respectively.
Taeham Kim is Specialty Leader in Marsh Korea Inc since 2020 responsible for Specialty lines of business, such as Surety, Trade Credit & Political Risk, Private Equity & M&A, Cyber, Construction, Marine, Cargo and Aviation.
He has been working in the non-life insurance industry for more than 30 years and equipped with variety of insurance expertise and valuable experiences obtained from his previous works at Samsung Fire & Marine Insurance Co., Ltd. in Korea & London, and brokerage firm JLT Korea as CEO as well before merged by Marsh.
He graduated from Kyungpook National University with a bachelor of English Language & Literature in 1989 and Administrative Executive Course in Graduate School, Yonsei University in 2015.
He is married with one son and daughter and his favourite hobby is golf.
Brigadier General Insub Shin (Korea Army, retired) is the Director of Cybersecurity Architectures Research at the C4I & Cyber Center at George Mason University. General Shin joined GMU in 2016 as a Research Scholar at the Department of Electric and Computer Engineering at George Mason University after a 30-year career in military service with significant experience in C4I and Cyber. Immediately before his retirement, General Shin served as Secretary for Cyber Security to the President of Korea. He also served as Secretary for Military Science & Technology to the Minister of National Defense of Korea and as Director of R&D Center at the Korea Cyber Command.
Dr. Shin received his B.S. degree in Mechanical Engineering from the Korea Military Academy (1985), the M.S. degree in Telecommunications System Management from the US Naval Postgraduate School (1990), and the Ph.D. degree in Information Technology from George Mason University (2001) with system architecting as his area of specialization. He has authored a book “Principles of C3” (1995); received best paper award of “Network Centric Warfare” from CCRP (2000); taught DoD C4ISR architecting courses at AFCEA using both Structured Analysis & Object Oriented Approaches (1998~2000); and was a research associate at the System Architectures Laboratory at the C3I Center and led research on decisions with Course of Actions development, Effects-Based Operations, Information Warfare (offensive) & Information Assurance (defensive).
For the last fifteen years, he worked in the full spectrum of cyber security domain from practice to strategy. His current research interest is a cyber security architecture framework for a conceptual legacy firm; especially applicable for human engaged Cyber-Physical Systems. It may include modeling cyber threats, formalizing cyber IPB & BDA processes, organizational strategy, and systemic implementation to secure the cyberspace of an organization with a system of systems.
Network Moderator, Seoul at Economist Intelligence Corporate Network
Jacco Zwetsloot has lived in Korea for 20 of the last 25 years, with a broad range of work experience in the communication, legal, tourism, training and broadcasting sectors. He has worked as an English teacher, a tour guide for the US military, a regular radio show guest, and a translator of North Korean propaganda. Currently, Jacco works as a content creator for a communications consultancy Insight Communications Consultants, hosts a weekly podcast about North Korea, moderates panel discussions, writes a monthly Korean newspaper column and still leads occasional lunchtime walking tours in downtown Seoul for the Royal Asiatic Society Business & Culture Club. Jacco holds a Master of Arts degree in Korean Studies from Leiden University, a Bachelor of Arts in Asian Studies from Monash University and a separate Bachelor of Arts in Modern European Studies and German Language from the University of Melbourne.