I am very pleased that the Bank of Korea and Seoul National University are co-hosting this international conference today on inflation dynamics, which have recently drawn attention from academia and central banks around the world. I welcome you all most sincerely.
Bank was not performing any real time reconciliation and noticed it only when there was a spike in transactions which led to detection during reconciliation. The vulnerabilities exploited in the incident could have been averted, had the launch of the product not been rushed through. -  In another incident, an e-payment validation website of a large bank was hacked.