Is there anyone left in South Korea who hasn’t had their information leaked by now? Sheesh. Yonhap News reports:
Subcontracted employees were found to have taken some 350,000 pieces of private data belonging to customers from a local life insurance firm that hid the leak for months from authorities, the financial watchdog said Wednesday, just a day after the watchdog’s chief issued a strong warning against a repeat of recent data breaches.
The leak was discovered as the Financial Supervisory Service (FSS) was conducting an inspection of NongHyup Life Insurance Co., an affiliate of state-run farmers’ cooperative NongHyup Financial Group Inc. An internal report at NongHyup said employees from the subcontractor, hired to establish a security network to prevent insurance fraud, were discovered to have 350,000 pieces of information stored in their personal laptops. The FSS said the insurer made the discovery in January but did not report it to the authorities.