Lotte Card given prior notice of penalty over massive data breach | Yonhap News Agency

## Summary
OK SEOUL, April 9 (Yonhap) -- Lotte Card Co. has been notified by the financial watchdog of around 5 billion won (US$3.38 million) in financial penalties and a business suspension of over four months over its massive data leak, informed sources said Thursday. The Financial Supervisory Service (FSS) recently sent the prior notice to the credit card firm, with the penalties set to be finalized by the Financial Services Commission (FSC) in the near future, according to the local industry sources. Lotte Card Co.'s corporate sign (Yonhap) sam@yna.co.kr (END) Keywords #Lotte Card #penalty notice Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S. Korean road lined with cherry blossoms prev Lotte Card given prior notice of penalty over massive data breach Next Lotte Card given prior notice of penalty over massive data breach

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OK
SEOUL, April 9 (Yonhap) -- Lotte Card Co. has been notified by the financial watchdog of around 5 billion won (US$3.38 million) in financial penalties and a business suspension of over four months over its massive data leak, informed sources said Thursday.
The Financial Supervisory Service (FSS) recently sent the prior notice to the credit card firm, with the penalties set to be finalized by the Financial Services Commission (FSC) in the near future, according to the local industry sources.
Lotte Card's online payment system was hacked last year, resulting in the leak of personal information of about 2.97 million customers.
It was also found that the company did not take sufficient encryption measures for the log files.
Earlier this month, the state data protection watchdog separately decided to impose a penalty of 9.62 billion won on Lotte Card.
Lotte Card Co.'s corporate sign (Yonhap)
sam@yna.co.kr
(END)
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Lotte Card given prior notice of penalty over massive data breach
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Lotte Card given prior notice of penalty over massive data breach

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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- Lotte Card Co.'s corporate sign (Yonhap) sam@yna.co.kr (END) Keywords #Lotte Card #penalty notice Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.

### Implications
- The Financial Supervisory Service (FSS) recently sent the prior notice to the credit card firm, with the penalties set to be finalized by the Financial Services Commission (FSC) in the near future, according to the local industry sources.
- Lotte Card Co.'s corporate sign (Yonhap) sam@yna.co.kr (END) Keywords #Lotte Card #penalty notice Articles with issue keywords Most Liked (LEAD) BTS tops Billboard albums chart for 2nd week with 'Arirang,' a first in K-pop BTS to drop 'Come Over,' exclusive new track on 'Arirang' LP 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho BTS tops Spotify weekly charts for 2nd week with new album 'Arirang' Lee voices hope for peace in Easter message Most Saved 'Beef' Season 2 deepens Korean narrative, casts A-listers Youn Yuh-jung, Song Kang-ho (3rd LD) Lee says S.
- Korea conducts back-to-back ballistic missile launches in show of force (LEAD) N.

### Expert Commentary
This article covers card, lotte, korea topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 411.