200 million won leaked due to hacking of PG company ‘PayHub’… Extension of on-site inspection by authorities

(Seoul = Yonhap News) Reporter Kang Ryu-na = Financial authorities decided to extend the on-site inspection of PayHub, an electronic payment agency (PG company) whose funds were leaked worth 200 million won in a hacking incident.

According to the financial sector on the 3rd, the Financial Supervisory Service began an on-site inspection of PayHub on the 28th of last month.

The Financial Supervisory Service was originally scheduled to complete PayHub's on-site inspection on this day, but it is said that it extended the period because it judged that additional inspection was necessary.

PayHub recognized that merchant settlement funds worth approximately 200 million won had been fraudulently transferred during the process of independently checking whether Internet addresses (IPs) related to a recent hacking incident in the financial sector were accessed.

Financial authorities and the Financial Security Institute are investigating whether this incident used artificial intelligence (AI) like existing financial hacking incidents.

'Zoom Fund', an online investment-linked financial company (On2 company), also leaked about 300 million won of customer deposits to a third-party account due to hacking, and an on-site inspection was conducted on the same day as Payhub.

The on-site inspection of the Zoom Fund was completed on this day.

Meanwhile, Financial Supervisory Service Chairman Lee Chan-jin announced at an executive meeting that day that in order to prevent additional accidents, all external contact points of the entire financial sector, including companies not subject to the Electronic Financial Transactions Act, such as corporate insurance agencies (GAs), loan companies, virtual capital industries, and on-to-up businesses, will be inspected, and Financial Supervisory Service IT experts will post-check whether compliance has been implemented.