Sanction on Taishin Securities Co., Ltd. for Violation of S......

1. Date of sanction: January 7, 2025
2. Object of sanction: Taishin Securities Co., Ltd. (hereinafter referred to as Taishin Securities)
3. Legal basis for the sanction: Subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act, and paragraph 2, Article 2 of the Regulations Governing Securities Firms.
4. Facts of violation: The Taiwan Stock Exchange Corporation conducted an audit of Taishin Securities on September 5 and 6, 2024 concerning the cyber security incident it reported, and found that the firm had deficiencies in its network system vulnerability scanning, network segment partitioning mechanism, account permission control, and retention of digital evidence of computer audit records. These indicate that Taishin Securities failed to properly implement its internal control system, and the firm is verified to have violated paragraph 2, Article 2 of the Regulations Governing Securities Firms.
5. Sanction imposed: A fine of NT$600,000 is imposed on Taishin Securities in accordance with subparagraph 4, paragraph 1, Article 178-1 of the Securities and Exchange Act.
Contact unit: Kao-Cheng Pei, Section Chief, Securities Firms Division, Securities and Futures Bureau
Tel: (02)2774-7342
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