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Financial Information Service Co., Ltd. was fined

Because the breakdown of the IBM mainframe Information Management System caused ATM interbank services to be cut off on August 18, 2018, Financial Information Service Co., Ltd. (FISC hereafter) was deemed to have failed to properly maintain the operation of national critical infrastructure, which was in violation of Article 31 of “the Regulations Governing Approval and Administration of Financial Information Service Enterprises Engaging in Interbank Funds Transfer and Settlement.” Given that FISC has taken related rectification measures, the FSC imposed a fine of NT$1.5 million on the company in accordance with Article 132 of the Banking Act.
Visitor: 1003   Update: 2019-02-18