The Financial Supervisory Service said yesterday that it was planning to set up the "Information Sharing and Analysis Center" to provide enhanced protection for the financial sector from hacking and other forms of cyber terrorism.

The center would collect, analyze and provide information on the activities of cyber terrorists, such as hacking into the data systems of financial companies.

It was modeled on a similar center established in the United States in 1998, which served to curb cyber terrorism in eight vital fields, including finance, communication, defense and transportation.

[ Read more ]