롯데카드의 영업정지가 다음 주부터 풀리는 가운데 우리카드와 신한카드에 대한 금융당국의 제재 절차도 속도를 내고 있다.
According to the financial sector on September 12, regulatory authorities plan to impose sanctions on Woori Card before addressing those against Shinhan Card.
In April 2024, personal information of approximately 75,000 representatives from Woori Card's partner merchants was leaked to card solicitors.
Between January and April of the same year, personal data, including names, phone numbers, and Woori Card membership status, was improperly accessed by card solicitors and used for marketing without the consent of the individuals involved. As a result, Woori Card was fined 13.45 billion won by the Personal Information Protection Commission last March.
Separately, the Financial Supervisory Service is focusing on whether Woori Card violated the Credit Information Law by providing personal credit information of merchant representatives to card solicitors without consent and using it for sales purposes.
A regulatory official stated, "We have roughly determined the timing of the sanctions and are working to reach a conclusion as quickly as possible."
Following the sanctions against Woori Card, those against Shinhan Card are expected to follow. From March 2022 to May 2023, over 192,000 personal data records, including mobile phone numbers and business registration numbers of partner merchants, were leaked from Shinhan Card.
Unlike Lotte Card, which faced a different situation, the incidents involving Woori Card and Shinhan Card were due to internal control failures, raising concerns that the severity of the sanctions may be heightened.
As the fintech industry thrives and competition in the card sector intensifies, any potential sanctions could lead to unavoidable losses. Industry estimates suggest that Lotte Card incurred approximately 5 billion won in losses during its month-long suspension of operations.
Meanwhile, Lotte Card is set to resume operations on the 16th. The company had its new business activities suspended from August 1 to September 15 due to sanctions related to a data breach incident that occurred last year. Lotte Card is now planning various marketing strategies to attract new customers after the suspension period.
According to the financial sector on September 12, regulatory authorities plan to impose sanctions on Woori Card before addressing those against Shinhan Card.
In April 2024, personal information of approximately 75,000 representatives from Woori Card's partner merchants was leaked to card solicitors.
Between January and April of the same year, personal data, including names, phone numbers, and Woori Card membership status, was improperly accessed by card solicitors and used for marketing without the consent of the individuals involved. As a result, Woori Card was fined 13.45 billion won by the Personal Information Protection Commission last March.
Separately, the Financial Supervisory Service is focusing on whether Woori Card violated the Credit Information Law by providing personal credit information of merchant representatives to card solicitors without consent and using it for sales purposes.
A regulatory official stated, "We have roughly determined the timing of the sanctions and are working to reach a conclusion as quickly as possible."
Following the sanctions against Woori Card, those against Shinhan Card are expected to follow. From March 2022 to May 2023, over 192,000 personal data records, including mobile phone numbers and business registration numbers of partner merchants, were leaked from Shinhan Card.
Unlike Lotte Card, which faced a different situation, the incidents involving Woori Card and Shinhan Card were due to internal control failures, raising concerns that the severity of the sanctions may be heightened.
As the fintech industry thrives and competition in the card sector intensifies, any potential sanctions could lead to unavoidable losses. Industry estimates suggest that Lotte Card incurred approximately 5 billion won in losses during its month-long suspension of operations.
Meanwhile, Lotte Card is set to resume operations on the 16th. The company had its new business activities suspended from August 1 to September 15 due to sanctions related to a data breach incident that occurred last year. Lotte Card is now planning various marketing strategies to attract new customers after the suspension period.
* This article has been translated by AI.
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