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KR: FSS rejects request for data theft probe

Posted on March 6, 2014 by Dissent

Na Jeong-ju reports:

The Financial Supervisory Service (FSS) has rejected a consumer group’s request to examine the extent of damage consumers suffered from recent data theft cases involving major financial firms here.

The decision has triggered protests from victims.

In early February, the Financial Consumer Agency asked the regulator to probe the banks and credit card firms concerned, claiming that the data leaks occurred due to their negligence. It also demanded measures to ensure that all victims get full compensation.

The FSS, however, said it won’t investigate individual compensation issues.

Read more on Korea Times.

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Category: Financial SectorInsiderNon-U.S.

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