The Financial Supervisory Service has decided to suspend Lotte Card's operations for 1.5 months and impose a fine of 5 billion won
5d ago · 금융위원회
The Financial Services Commission has decided to suspend Lotte Card's operations for 1.5 months and impose a fine of 5 billion won in connection with the leak of credit information affecting 2.97 million customers.
The suspension of operations will be limited to card services related to new members, and existing customers will be able to continue using the services as normal.
This is the first time a financial institution has been subject to a suspension of operations due to a hacking incident, and it is seen as a signal of stricter penalties for violations of security obligations in the financial sector.