South Korea Faces Major Credit Card Hack

South Korea Faces Major Credit Card Hack
Approximately 40% of South Korea’s population has been affected by a major credit card hack. The banking data of about 20 million customers from three different credit card firms was stolen. The data included names, social security numbers, credit card numbers and expiry dates. The stolen information was sold to telemarketing companies. A lone IT worker for the Korea Credit Bureau has been arrested for the hacking. Managers from the phone companies who purchased the data have also been arrested. Any financial losses to customers will be covered by the credit card firms.

1. Approximately 20 million people (40% of the population) were affected by this security breach.
2. Financial and personal data including names, credit card numbers and expiry dates were stolen.
3. An IT worker for the Korean Credit Bureau was responsible for the hacking.