Search results for Lotte Card
Finance
Bamiteongwi fines Lotte Card 11,250,000 won for violating CI safety measures
The Broadcasting Media Communications Commission imposed an 11,250,000 won administrative fine on Lotte Card for violating obligations to protect linked information (CI). The commission said it also approved a recommendation for improvements after a special inspection conducted from September to November last year following a Lotte Card data leak incident. The inspection found logs containing CI and resident registration numbers were exposed without encryption during operation of its pay service.
Finance
Toss sees back-to-school rise in book and beauty card spending
Viva Republica, the operator of Toss, said on Monday that an analysis of card payment data showed spending rose in books and bookstores and in cosmetics and beauty in March due to the back-to-school season. While payment amounts fell across most consumer categories, those two areas posted double-digit growth. Book spending rose about 30 percent month on month and transactions gained about 10 percent, while beauty spending increased about 25 percent and transactions rose 12 percent.
AI & Enterprise
PIPC fines Lotte Card 96.2 billion won
South Korea\'s Personal Information Protection Commission said it fined Lotte Card 96.2 billion won and 4.8 million won and ordered corrective measures and public disclosure after finding violations of privacy laws. The commission began investigating after the Financial Supervisory Service notified it of a personal credit information leak report. It said about 2.97 million users\' personal credit information and 450,000 resident registration numbers were leaked from log files after a hack.
