Inspector of the Ministry of Information and Communications fined ShopeePay 25 million VND

The Inspectorate of the Ministry of Information and Communications has just issued a decision to administratively fine ShopeePay Company 25 million VND.

In order to assess ShopeePay Joint Stock Company's compliance with legal regulations on network information security, the Department of Information Security (Ministry of Information and Communications) recently conducted an inspection at this enterprise.

According to the recently announced inspection results, the Department of Information Security discovered that ShopeePay Joint Stock Company has not yet implemented an assessment of the effectiveness of management and technical measures applied to the enterprise's information system as prescribed.

Specifically, ShopeePay has not checked the completeness and suitability of the Information Security Regulations according to the approved information security plan; has not assessed compliance with the regulations and procedures in the Information Security Regulations during the operation, exploitation, termination or cancellation of the information system;...

For the above violation, the Inspectorate of the Ministry of Information and Communications has administratively fined ShopeePay Joint Stock Company 25 million VND.

ShopeePay Joint Stock Company was fined 25 million VND. (Screenshot)

ShopeePay Joint Stock Company is a business that provides a free mobile e-wallet application, online payment for many services, meeting payment needs from depositing and withdrawing money in accounts, topping up phones, paying for financial services, utility bills such as electricity, water, internet, cable TV as well as other entertainment services with high information security.

In addition to the above penalties, in order to effectively and properly implement information security assurance, the Ministry of Information and Communications recommends that when investing in equipment and solutions for information systems, organizations and enterprises need to pay attention to equipment configuration, apply optimal technical solutions suitable for their information systems, and at the same time need to strengthen inspection and evaluation of the effectiveness of information security measures according to approved plans to enhance the effectiveness of ensuring information security of the system.

Source: https://congthuong.vn/thanh-tra-bo-thong-tin-va-truyen-thong-xu-phat-shopeepay-25-trieu-dong-356896.html