Electronic Financial Transactions Act

Electronic Financial Transactions Act

1. Overview: The Electronic Financial Transactions Act, securing safety and trust in digital finance

    flowchart LR
    A["Traditional financial transactions"] -- "Transition to a secure digital finance infrastructure" --> B["Electronic Financial Transactions Act"]
  

Definition: A law enacted to clarify the legal relationships of electronic financial transactions and to promote the development of the financial industry by ensuring safety and trustworthiness.

Characteristics: (Market-entry regulation) Establishes safe market-participation criteria by defining registration and licensing requirements for electronic financial business operators. (User protection) Clearly defines obligations for accident liability, dispute resolution, and damage compensation to protect users. (Financial security baseline) Serves as the parent law of the Electronic Financial Supervisory Regulations, providing the legal basis for technical and administrative security standards.

2. Structure and Key Regulatory System of the Electronic Financial Transactions Act

A. Three Core Pillars of Electronic Financial Security

    flowchart TD
    subgraph EFTA["Ensuring Safety of Electronic Financial Transactions"]
        A["Confidentiality<br/>preventing information leaks"]
        B["Integrity<br/>preventing tampering<br/>of transaction data"]
        C["Availability<br/>uninterrupted service"]
    end

    REG["Electronic Financial Supervisory Regulations"]
    REG --> EFTA
    
    style EFTA fill:#F9FAFB,stroke:#374151
  

B. Network Segregation and Financial Security Governance

    flowchart LR
    subgraph INT["Internal Network"]
        SV["Operations servers / DB"]
        PC1["Business PCs"]
    end

    subgraph EXT["External Network"]
        WEB["Web servers"]
        PC2["Internet-facing PCs"]
    end

    INT <-->|"VDI / inter-network data transfer"| EXT

    style INT fill:#E3F2FD,stroke:#1976D2
    style EXT fill:#FFEBEE,stroke:#D32F2F
  

3. Application and Response Direction for the Electronic Financial Transactions Act