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FSC Launches Emergency Inspection of Shinhan Card After Internal Leak of Merchant Data

Regulators are checking for any exposure of financial information after the company linked the incident to employee misuse for sales solicitation.

Overview

  • An internal review found data tied to 192,088 partner stores was compromised, mostly mobile numbers, with some names, birth dates and gender.
  • Shinhan Card said no resident registration numbers, card numbers or bank account details were exposed, and ordinary cardholders’ data were unaffected.
  • At least 12 employees from five or more sales offices were removed from duties, and the company is considering criminal complaints.
  • Shinhan reported the case to the Personal Information Protection Commission and says no financial damage has been identified so far.
  • The Financial Services Commission said it could expand checks to other firms and will take legal measures if any personal financial information leaks are confirmed.