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October 8, 2015 01:24 am GMT

Samsung's mobile payments acquisition LoopPay breached by hackers

Smsung07

A report on Wednesday revealed that LoopPay, the U.S.-created mobile payment system acquired by Samsung in February, was the target of a hacker attack in March

But the most interesting wrinkle in the story is the fact that the hackers who executed the attack on the South Korea-based company appear to be from China, thus framing the incident as a case of international, possibly corporate, espionage, rather than just another hack

See also: Google launches Android Pay, its new mobile payment platform

Details of the hacking attack surfaced in a New York Times report, which claims that the Chinese hacker group the Codoso Group had breached the LoopPay computer network. The breach was discovered in August, giving the hackers a full five months access to the network Read more...

More about Hacking, Security, Samsung, Hackers, and Mobile Payments

Original Link: http://feeds.mashable.com/~r/mashable/tech/~3/4Zx24EleXI4/

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