South Korean Breaches Impact 20 Million

Data from 3 Credit Card Companies Allegedly Compromised

By , January 20, 2014.
South Korean Breaches Impact 20 Million

Credit card details for about 20 million South Koreans were compromised following breaches at three credit card firms in that nation.

See Also: POS Security Essentials: How to Prevent Payment Card Breaches

A contractor working for the Korea Credit Bureau, a firm that produces credit scores, allegedly used the company's access to databases containing information on three South Korean credit card firms to copy the data to a USB drive, according to the BBC.

The contractor, who has been arrested, allegedly sold the stolen information to marketing firms, the BBC reports. Compromised information includes names, Social Security numbers and credit card details.

The three credit card firms affected by the breach are KB Kookmin Card, Lotte Card and NH Nonghyup Card. Regulators are looking into the security measures in place at the three companies, according to the BBC report.

The Financial Supervisory Service, a consumer watchdog, issued guidelines to aid customers affected by the breach, including steps to reduce the risk of fraud.

The Financial Supervisory Service did not immediately respond to a request for comment.

Follow Jeffrey Roman on Twitter: @gen_sec

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