Naver Pay acquires international standard certification for biometric information protection
Quantum-resistant encryption applied… First case in Korea
Quick Look
- Naver Pay became the first in Korea to acquire ISO/IEC 24745:2022 certification, the international standard for biometric information protection.
- The biometric information protection system of FaceSign, a facial recognition payment service, has been recognized as meeting international standards, and facial information is stored and operated safely by applying quantum-resistant cryptography (PQC) to the entire data transmission section.
AI-generated summary
Why It Matters
Naver Pay pursued ISO/IEC 24745:2022 certification to verify the biometric information protection system of its facial recognition authentication and payment service ‘FaceSign’. The standard was established by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC), and comprehensively evaluates biometric information processing systems, protective measures, and internal regulations.
Naver Pay (Npay) announced on the 4th that it has acquired certification for 'ISO/IEC 24745:2022', an international standard for biometric information protection.
The acquisition of this certification is recognition that Naver Pay's user biometric information protection system meets international standards, and is the first case in Korea.
The standard was established by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC). Comprehensively evaluate biometric information processing systems, protective measures, and internal regulations.
Naver Pay has been pursuing certification to verify the biometric information protection system of the facial recognition authentication and payment service 'FaceSign'.
FaceSign is a service that utilizes facial recognition technology developed by Naver.
It is designed to protect personal information throughout the entire process, from biometric information collection to processing, storage, and destruction, and anti-counterfeiting technology is applied to determine the authenticity of faces using an AI deep learning model.
Naver Pay explained that it is safely storing and operating face information by applying quantum-resistant encryption (PQC) to the data transmission section of its company-wide service, including FaceSign.
Naver Pay CEO Park Sang-jin said, “We will always consider user protection our top priority and strive to provide a safer and more reliable service.”
What to Watch
AI outlook — possibilities, not facts
Other domestic fintech companies are also likely to pursue certification of international standards for biometric information protection.
Possible · Within months
Open Questions
- How long does it take to obtain certification and how much does it cost?
- What is the application scope and specific technical specifications of Quantum Resistant Cryptography (PQC)?
- Are there any plans for other fintech companies to obtain the same certification?
