Governance

Information Protection3.4.7

Recently, with the acceleration of the Digital Transformation, cyber security has emerged as a corporate management risk. In addressing these concerns, Hyundai Steel has acknowledged the importance of cyber security and has tasked the Audit Committee, under the BOD, to oversee risks (personal information, cyber security, etc.), as well as acquiring the ISO 27001 standard – a certified framework for security management. We are also strengthening the management of security system operations and boosting in-house security training.

Security Policy Implementation and Diagnosis

Hyundai Steel has established security policies that are implemented and diagnosed for the safe management of corporate security. The principle goal of our security policy is 'the protection of tangible and intangible business information and technical information.' Through our in-house standards management system, we have disclosed our 'Regulations on Security Management', which include rules on entry, everyday security rules, personal information protection, and rules for suppliers/outsourcing companies, in order to guide employees on how to respond immediately in case of emergency. Hyundai Steel diagnoses security policies through the company's security level assessment and an ISO 27001 certification audit is conducted annually. In addition, we use hacking simulations to diagnose our IT systems and infrastructure every year, and set out measures to mitigate the exposed vulnerabilities.

Status of Security Training

Hyundai Steel organizes a half-yearly security conference for designated security officers from each of the company's departments. The security conference is held for the purpose of training and promotion, aimed at reinforcing employees' basic knowledge of security, providing information on policy changes, requesting cooperation on related tasks, and facilitating communication. The main agendas of the meetings are 'security policy sharing, guidance on phishing trends, sharing security issues, and training on personal information protection.' Upon completing the training session, security officers share the content with members of their respective departments. In 2020, due to COVID-19, the format of the security conference had to be adjusted from 'collective training at the workplace' to 'remote self-directed training', and in the second half of the year, 319 teams(99.7%) out of a total of 320 teams participated in this training. In addition, in 2020, we developed new contents for online security training. This security training was provided to all employees with a completion rate of '99.7%', and will be conducted on an annual basis.
 

Cyber Security Governance

  • IT service provider: Hyundai Autoever
    • Server/Network Infrastructure
    • Groupware, Information Security Infrastructure
    • Network Infrastructure
    • Information Security Infrastructure
    • System Management(Accounting, HR, Procurement, Facility Management, Quality, Production, Support, etc.)
  • Chief Information Security Officer(CISO) ― Security Planning Team Leader
    • Security policy management
    • Management/physical/technical security control
    • Privacy protection
  •  
    • Hyundai Steel Business Management Division
      Chief Security Officer(CSO) -Head of Business Management Division
    • IT Group
      Chief Information Officer(CIO) -General Manager of IT Group
    ICT Planning Team
    • Company-wide IT vision/implementation strategy planning
    • Enhancement of Big Data and AI capabilities
    • Enhancement of IT security management/company-wide infrastructure planning
     
    ICT Technical Team
    • Improvement digitization in production
    • IT infrastructure planning and management by works
    • Company-wide application of P-LTE* and IoT
      * P-LTE (Intelligence Network Control Technology: Private LTE)

Strengthening Protection System for National Core Technology1)

In accordance with the Industrial Technology Drain Prevention Act, Hyundai Steel has strengthened its security management system for the national core technologies2) it possesses. In particular, the company has made efforts to revise its security management rules and regulations, obtain security pledges, conduct security training, and inspect how national core technologies are being managed. Hyundai Steel has established comprehensive information protection measures to raise the level of information protection management across the company. This has helped prevent information leaks concerning our core technologies and assisted in resolving compliance issues.
  • 1) ) 'National Core Technology' pertains to a technology that has high technical and economic value in the domestic and foreign markets, or has high growth potential in related industries. Thus, if the technology is leaked outside the country, national security and economic development could be compromised.
  • 2) Current status of National Core Technologies possessed by Hyundai Steel
    ① Rebar/section steel manufacturing technology with a yield strength of 600MPa or higher
    ② Giga-class, high-strength steel plate manufacturing technology with a sum of total alloying elements of less than 4%

Training to Prevent Cyberattacks

Hyundai Steel conducts bi-annual training for all employees using mock phishing e-mails, as a measure to raise security awareness. In the second half of 2020, 3,320 out of 16,452 trainees clicked the mock phishing email, recording a 20.2% vulnerability rate. In the future, we will hold regular employee training using realistic scenarios, in order to minimize damage from security lapses such as those triggered by malicious code, and to strengthen employees' awareness of security against such threats.

ISO 27001(Information Security Management System) Certification

Hyundai Steel continues to diagnose its security systems and take improvement measures through verification assessments as part of international security standard certification. Assessments for ISO 27001 are held every three years, and in the second half of 2020, our certification was renewed through document reviews in 14 areas of certification standards, and an on-site inspection. In the future, Hyundai Steel will maintain the international security standard framework and strengthen its excellence in security.

Security management system(security portal) reorganization

Hyundai Steel has installed a new security management system called 'MY Security' as a necessary update to the previous system. 'MY Security' has added quick menu options, notification services and tabs to support overseas subsidiary management and enhance overall user convenience in various tasks. Also, by linking it to the security system, MY Security integrates distributed data, and provides various operational statistics and enhanced functions. In the future, we will continue to do our best to provide an efficient management system for information protection.
MY Security
New Security Portal System
Key management information
Main Screen(Quick Menu, etc.)
  • Payment management
  • Policy management
  • Business management
  • Diagnosis management
  • Access control
  • Communication Platform
System management
Implement efficient information protection management system
“Work efficiency improvement”
  • Improve service and satisfaction through new portal
    • Enhance information and service accessibility(quick menu, etc.))
    • User convenience (messaging service, etc.)
    • Overseas corporation management support(management screen added)
    • Eliminate manual management(systematizes data management)
    • Flexible system(easily manage changes)
  •  
  • “Functional enhancement”
    • Provision of various operational statistics(information summary)
    • Security proposal reorganization(enhancement of convenience functions, etc.)
    • Distributed data integration(linked to security system)
    • Improved security organization management(linked to groupware)
    • Provide summary information(shorten work time)
 
 
Security system data linkage
  • Groupware
    (Autoway)
  • Document Security
    (DRM)
  • QA asset management
  • FA asset management
 
  • Visitor management
  • Human Resources/ Organization Information
  • Net client
  • Access information
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