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KR: Standing committee passes ‘Privacy Act’ to beef up regulations on personal data

Posted on February 27, 2014 by Dissent

Connie reports:

To strengthen regulations on protecting personal information following a recent data leak by credit card companies here in Korea a new privacy protection bill is moving through the National Assembly.

The bill, passed Wednesday by the Security and Public Administration standing committee, would require financial institutions and other public companies to use encrypted passwords to protect resident registration numbers.

Read more on Arirang.

Category: FederalFinancial SectorOf Note

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