Toss's parent company, Viva Republica, has confirmed that it filed a new trademark application for 'Toss Cloud' last month. This move is seen as an effort to strengthen its IT infrastructure management system amid recent incidents of system failures and data security issues in the financial sector.
According to the financial sector and the patent information search service KIPRIS, Viva Republica submitted the Toss Cloud trademark application on August 27.
The designated products include cloud and network servers, as well as software related to security, database management, and IT system operations.
Toss and its major affiliates operate a hybrid cloud system that combines their private cloud with Amazon Web Services (AWS). A private cloud refers to a dedicated cloud environment built by a company or organization.
Industry analysts suggest that Toss's trademark application is part of a strategy to enhance its IT infrastructure management in light of recent technical failures and data security concerns in the financial sector.
In June, Toss experienced an error where approximately 21,000 automatic transfers were duplicated, resulting in about 1.4 billion won being withdrawn from around 15,000 accounts. That same month, the payment system 'Toss POS' faced transaction issues at some merchants due to server overload.
However, Toss has stated that there are currently no specific plans for commercializing external cloud services related to this trademark application. A Toss representative said, "The trademark application is part of routine business activities aimed at protecting the company's intellectual property rights. There are no confirmed details regarding the specific content or launch timing of any services at this point."
* This article has been translated by AI.
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