IT attorneys specializing in cybersecurity and personal information protection.
Article posted in 2024-10-04 18:11:27 | VEAT
Law firm Veat’s IT specialized lawyers minimize legal risks for corporations in response to increasing cybersecurity threats and provide comprehensive legal advice.
As crimes using deepfake technology emerge as a social issue, the importance of cybersecurity has increased. Deepfake is a combination of deep learning and fake, and uses AI technology to combine the face or body of a specific person into another photo or video in a realistic manner. Crimes involving the creation of false information, fraud, and defamation using deepfake technology can violate the trust of corporations and the privacy and reputation of individuals. Furthermore, the government is promoting workforce development through the ‘100,000 Cybersecurity Talent Development’ project, establishing cybersecurity as an important national security issue.
According to the 2024 first half private sector major cybersecurity threat trends announced by the Ministry of Science and ICT and the Korea Internet & Security Agency (KISA), the number of reported incidents has been steadily increasing over the past three years, from 1,142 in 2022 to 1,277 in 2023, and the number of reported incidents in the first half of 2024 increased by approximately 35% compared to the same period last year, reaching 899. In particular, it was revealed that web server hacking (504 cases) and DDoS attacks (153 cases) have significantly increased.
Amidst this increasing trend of cybersecurity threats, it is essential for corporations to strengthen cybersecurity to minimize legal risks in advance and to respond legally quickly in the event of an incident.
Law firm Veat’s cybersecurity and personal information protection legal response
When a corporation experiences a cybersecurity incident, it can be held liable not only for simple technical losses, but also for legal responsibility. In particular, when personal information leakage, leakage of internal confidential documents, or hacking of financial systems occur, a corporation can be deemed to have violated information protection-related laws, which can lead to penalties and lawsuits.
As cybersecurity threats increase, corporations are exposed to various legal risks, and legal issues related to personal information protection, such as personal information leakage, hacking, and ransomware attacks, can damage a corporation’s credibility and result in financial losses. Furthermore, Korea has amended the Personal Information Protection Act in 2023, which will be implemented from September 2024, requiring strengthened personal information protection obligations for online and offline corporations.
Corporations need to strengthen their cybersecurity strategies to respond to technical cybersecurity threats and to prevent legal risks in advance.
Law firm Veat provides comprehensive advice on Korea’s Personal Information Protection Act, GDPR, CCPA, and other major regulations, and provides rapid support by preparing legal countermeasures in the event of data leakage or hacking incidents. In addition, it supports corporations by establishing internal security policies and procedures to prepare for cybersecurity incidents and to minimize legal risks.
Law firm Veat has Baek Seung-cheol, a partner lawyer who is a certified IT specialist by the Korea Bar Association and a legal advisor to the Personal Information Protection Committee, and An Il-woon, a partner lawyer who is a developer and IT specialist, as well as partner lawyers who majored in engineering and have practical experience in advanced fields, possessing both knowledge and law in software, artificial intelligence, and other advanced fields. In addition, Jo Eun-byeol, a partner lawyer who is a legal advisor to the Personal Information Protection Committee and has been recognized for her contributions to the promotion of digital content industries and has been awarded a commendation from the Minister of Science and ICT, possesses high expertise in personal information protection, and personal information lawyers organically provide legal advice on cybersecurity and personal information protection.
Thank you.
Law firm Veat