[Alpha Biz=(Chicago) Reporter Paul Lee] SK Securities, Shinhan Card, and Kyongnam Bank were fined for violating the Electronic Finance Act. Each

According to financial authorities and the financial industry, the Financial Services Commission finalized and approved a plan to dispose of fines of up to 136 million won to these financial firms at a meeting on the 13th of this month.

The Financial Services Commission imposed the largest fine of 136 million won on SK Securities. It is a sanction due to failure to check network equipment in a timely manner, causing problems and customer losses.

According to the Financial Services Commission, SK Securities did not recognize the failure at the right time because it did not establish a system that can monitor storage equipment failures used in major operating servers (43) such as trading systems (HTS and MTS). As a result, a system failure occurred in HTS and MTS in March 2020, resulting in a loss of 755 million won due to failure to sign transaction orders in 340 customer accounts. In June of the same year, SK Securities did not receive availability tests and third-party verification in the process of upgrading network equipment, resulting in a loss of 251 million won due to the failure of transaction orders for 181 customer accounts.

In addition, six market processing servers were leased from March 2021 to June 2021 in preparation for the listing of the SKIET public offering, and did not preserve the information processing system operation record for the entire use period. In addition, it was recognized that the availability test was not conducted and that it was not verified by a third party while changing the system program including network configuration to operate six rental servers.

Shinhan Card was fined 50 million won for not taking follow-up measures even though it was aware of the vulnerability of mobile app authentication methods. As a result, it is pointed out that fraudulent subscription to the Shinhan Card mobile app was made by a disadvantaged person from November 2021 to April 2022, and about 175 million won was illegally used by credit cards for 70 customers.

Kyongnam Bank did not conduct integrity tests while changing the logic of the automatic transfer program, causing errors. As a result, 2.46 billion won was double withdrawn from more than 10,000 customer accounts from February to March 2020. The Financial Services Commission imposed a 50 million won fine on Kyongnam Bank.

 

[ⓒ AlphaBIZ. 무단전재-재배포 금지]