Almost 40% of South Korea Hit in Major Credit Card Hack

A lone hacker has leaked data from the credit cards of 20 million in South Korea, meaning the personal data of about 40% of the country's population has been compromised.

A contract IT worker for Korea Credit Bureau, the office that produces credit scores in that country, stole the data. That contractor has since been arrested, and the three CEOs of the affected credit card companies — KB Kookmin Card, Lotte Card and NH Nonghyup Card — have publicly apologized (see above)

Korea's national financial regulator, the Financial Services Commission, aid the credit card firms will cover any financial losses customers incurred because of the hack. Regulators have launched probes of the credit card companies' security measures Read more...