Journal of the Korea Convergence Society (한국융합학회논문지)

Korea Convergence Society (한국융합학회)
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Legal liability of the management firm on hacked Robo-Advisor's stock price manipulation

해킹에 따른 로보어드바이저의 시세조종 행위와 운용사의 법적 책임

  • Kim, Dong Ju (Dept. of Information Security, Graduate School of Information Security, Korea University) ;
  • Kwon, Hun Yeong (Graduate School of Information Security, Korea University) ;
  • Lim, Jong In (Graduate School of Information Security, Korea University)
  • 김동주 (고려대학교 정보보호대학원 정보보호학과) ;
  • 권헌영 (고려대학교 정보보호대학원) ;
  • 임종인 (고려대학교 정보보호대학원)
  • Received : 2017.08.07
  • Accepted : 2017.09.20
  • Published : 2017.09.28
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Abstract

This study is a preceding research designed to deduct an institutional supplementary measure that minimizes any inevitable side effects from the improvement of artificial intelligence (AI) technology, which is the core element of the Fourth Industrial Revolution. In this specific case in which the Robo-Advisor, the representative type of AI-applied technology, was hacked by a third party and ended up manipulating prices, the study was intended to examine the responsibility relationship of the current legal framework. Although the current legal framework strictly prohibits acts such as hacking and manipulation, it was confirmed that if the Robo-Advisor management firm acts in compliance with protection measures regarding hacking, the firm is free from any legal liabilities and there is insufficient legal protection available for ordinary investors with grand-scale damage from price manipulation Based on this study, further studies are needed to derive more institutional supplementary measures on overcoming these problems.

본 연구에서는 제4차 산업혁명의 핵심 요소인 인공지능 기술의 발전에 불가피하게 수반될 수 있는 부작용을 최소화하기 위한 제도적 보완점을 도출하기 위한 선행 연구로서, 인공지능 기술 적용의 대표적인 유형에 해당하는 로보어드바이저가 해킹되어 시세조종 행위를 범하는 구체적인 경우에 있어서 현행 법체계에 따른 책임관계가 어떠한지 검토하고자 하였다. 현행 법체계가 기본적으로 해킹 행위 및 시세조종 행위를 엄격히 금지하는 입장을 취하고 있으나, 로보어드바이저 운용사는 평소 해킹 방지를 위한 보호조치 의무를 준수할 경우 해킹에 따른 시세조종 행위로 일반 투자자들에게 대규모 피해가 발생하여도 이에 대한 법적 책임을 면할 수 있는 등 피해자 보호에 미흡한 것으로 확인되었다. 본 연구를 바탕으로 이러한 문제를 극복하기 위한 제도적 보완점 도출에 관한 후속 연구가 필요하다.

Keywords

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