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Korea opens pan-industry center for credit data protection and security

Posted on January 6, 2016 by Dissent

Lee Sun-young reports:

Korea Credit Information Services, a pan-industry body tasked with data preservation and protection, was launched in Seoul on Tuesday amid mounting calls for data security after a series of large-scale information leaks.

The new entity will act as a centralized data center for personal credit information, taking over data collected and preserved by five different organizations across banking, credit card and insurance.

Read more on The Korea Herald.

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