TECH NEWS South Korea suffers Credit Card hacking with 20 million card details stolen

Some of the trained writers on the net are at a really top level that i ponder if any of them have ever created a book? so now and then i like to highlight these superb content pieces and here’s one i found remarkable the other day.

As the headline suggests, 20 million South Koreans have had their credit card details stolen this month. This shocking discovery means that sensitive data regarding almost half of all South Koreans has now been accessed without their consent.
It is believed that a thus-far unnamed computer contractor, who was working for a company called The Korea Credit Bureau, copied the names, social security numbers and credit card details of around 20 million Korean citizens. The stolen data was then stored on a flash key before being sold to a number of marketing firms.
The culprit was later arrested, as were marketing professionals who allegedly bought the data from him. The true extent of the damage, however, is not yet known.
The Korea Credit Bureau has access to the databases of three major South Korean credit card firms, KB Kookmin Card, Lotte Card and NH Nonghyup Card and a special task force has been implemented in order to investigate the damage caused by this security breach.
The data was apparently left unencrypted by the companies, in a stunning display of haphazard security measures.
Sadly, data theft on this scale is nothing new in South Korea. In 2012, two computer hackers stole details of 8.7 million KT mobile customers and, the year before, 35 million social network accounts (owned by the site ‘Cyworld’) were also exposed.
The bosses of the affected firms issued a public apology, each bowing his head in a gesture of shame. The companies are expected to cover any financial loses experienced as a result of the breach.

SOURCES:
http://www.bbc.co.uk/news/technology-25808189

Advertisements

प्रतिक्रिया व्यक्त करा

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / बदला )

Twitter picture

You are commenting using your Twitter account. Log Out / बदला )

Facebook photo

You are commenting using your Facebook account. Log Out / बदला )

Google+ photo

You are commenting using your Google+ account. Log Out / बदला )

Connecting to %s