Written by 10:51 AM Economics

KakaoPay, which handed over 5.42 billion pieces of personal information, said it has temporarily suspended the practice since May.


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, ‘KakaoPay, embroiled in controversy over leaking customer personal credit information, announced on the 14th that it stopped providing information to Alipay since mid-May.’,
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, ‘On this day, KakaoPay stated in a notice, “Considering the investigation process by the Financial Supervisory Service, KakaoPay temporarily suspended the provision of the information after going through necessary procedures with partner companies on May 22.”‘,
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, ‘It added, “We apologize once again for causing concerns due to insufficient efforts to explain the issue in advance.”‘,
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, ‘KakaoPay emphasized, “In accordance with the entrusted business relationship with Alipay, we provide de-identified information that cannot identify individuals, allowing Apple to determine issues such as fraudulent payments.”‘,
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, ‘Furthermore, it stated, “To establish a secure payment environment for Apple App Store payments, KakaoPay, Apple, and Alipay are collaboratively developing fraud prevention measures to prevent unauthorized payments and abnormal transactions in advance, ensuring a safe and convenient use of KakaoPay.”‘,
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, ‘The Financial Supervisory Service revealed that it found that KakaoPay provided personal credit information of a total of 40.45 million customers, including Kakao account IDs, phone numbers, emails, KakaoPay registration records, and KakaoPay transaction records (balances, deposits, withdrawals, payments, transfers, etc.), to Alipay without customer consent from April 2018.’,
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