South Korea Reveals Plan To Upgrade Security For Online Transactions

By  |  April 9, 2013
 | 

South Korea has announced plans for new measures aimed at upgrading its online and mPayments transaction systems, reports The Paypers.

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    Some new measures include a financial application store service to prevent phishing apps and stricter requirements surrounding payments authentication for games and mPayments services.

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    In 2012, credit card users of BC card and KB Kookmin Card lost $149,490 after their information was hacked and used for online gaming payments.

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