Correspondent’s Column Public and Joint Certificates Not in the US

After I took over as a New York correspondent, I had one thing I could afford. It is a wallet. I didn’t need it in Korea. This is because most of the consumer life was possible, as well as using public transportation with a single mobile phone. Americans still carry multiple cards and cash. Coins are a must when parking in the city. There are only a handful of people who pay with mobile phones in hypermarkets.

However, the United States should not be considered an analog society. The financial sector is much faster and more consumer-friendly than Korea. When you open an account at a bank, you can use most financial services with a simple ID or fingerprint. Like Korea, it does not require PCs or mobile phones to install various security programs and certificates. I can’t imagine carrying a cumbersome one-time password (OTP) generator. This is one of the backgrounds of the pouring out of financial-related startups that promote convenience as a weapon. Robin Hood, an online stock trading app, handles deposits and withdrawals from other banks with just an ID or fingerprint.

Financial Certificate

That doesn’t mean security is poor either. If you attempt to pay by card in a place far from the registered residence, you may be unwittingly restricted. Artificial intelligence (AI) technology detects abnormal behavior. You should call the 24-hour consumer service center to lift the restrictions. In this case, you must give the counselor an answer that you can never know other than yourself. Typical examples are the names of dogs raised in elementary school. This is the question that I registered myself when opening an account. When a financial accident breaks out, it is highly likely that the financial company will lose money. You may have to pay more money than the customer was scammed.

The accredited certification system, which was controversial in Korea, was recently abolished. The amendment to the Electronic Signature Act came into effect. It has been 21 years since the system was introduced. I was happy to access the bank’s homepage. They still asked for four to five programs such as keyboard security to be installed. In the past, accredited certificates were replaced by the names’joint certificate’ or’financial certificate’. The structure that the financial sector jointly created triple and quadruple security devices and inevitably became the customer’s responsibility when an accident broke out remained the same.

Complex authentication is not just a problem for the financial sector. Buying Korean products overseas is even more tricky. The government recognized that overseas consumers could not purchase the coat worn by Song-i Chun, the protagonist of the popular drama “My Love from the Star,” which aired at home and abroad in 2014. It was because of security programs such as ActiveX. Earlier this month, with the abolition of the accredited certificate, it was announced that overseas sales of’Chunsongi Coat’ became possible after six years. Will it be?

I’m frustrated without a Korean cell phone

I ordered a book at a famous online bookstore in Korea. If you didn’t sign up for membership in the first place, you couldn’t go beyond the first step. When I was trying to register as a member, I asked for a mobile phone number starting with ‘010’. Without this, i-PIN authentication was required. In order to obtain i-PIN authentication, a mobile phone number or joint certificate in Korea was required again. It seemed that 7.5 million overseas Koreans as well as foreigners who speak Korean well had no choice but to give up the purchase.

On the other hand, Koreans are free to buy items from online stores in the United States with a few clicks. It was thanks to the purchasing power of Koreans that famous sound products were sold out after hours on Black Friday at the end of last month.

At the news that the public certificate was replaced by a joint certificate, a New York financial sector official said, “The official certificate or the ActiveX residue will not disappear like Corona 19.” This is Korea’s current status as a’IT (information technology) powerhouse’.

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