That latest data breach in South Korea is causing waves there, with estimates that 15-20 million have been affected by an insider breach at the Korea Credit Bureau: Worried Koreans on Tuesday packed into branches of one of the banks hit by the theft to ensure their money was safe, while lawyers said 130 people…
Category: Financial Sector
KR: Out of the country? You’re out of luck: Expats left out in info leak case
Kim Tae-jong reports: Potentially hundreds of thousands of expatiates have been left out in cold in the largest financial data theft case in Korea’s history. Financial regulators as well as credit card firms and their parent banks have not provided any services for foreign credit card holders to check whether their data was leaked, nor…
20 million people fall victim to South Korea data leak; FSS calls on financial institutions to improve protections against insider leaks
AFP reports: The personal data of at least 20 million bank and credit card users in South Korea has been leaked, state regulators said Sunday, one of the country’s biggest ever breaches. Many major firms in the South have seen customers’ data leaked in recent years, either by hacking attacks or their own employees. In…
FL: Retirement fund worker sentenced for identity theft fraud
Pamela McMahon reports on yet another case of identity theft for tax refund fraud in Florida. Tobin Lamar Lyon II has been sentenced to six years in federal prison for aggravated identity theft and wire fraud conspiracy. He was also ordered to pay restitution. Lyon, who was a service representative for Teachers Insurance and Annuity Association –…
CN: Alipay apologizes for data theft
Back in 2011, I posted several reports of massive hacks or insider data theft involving Chinese sites. One of the reports involved Alipay, which is Alibaba’s online payment system. At the time, Alipay would only confirm that IDs had been involved, but said it was only IDs. Today, I saw this on ECNS.cn: Alipay, the online…
SD: Former Citibank employee offered plea deal in ID theft case
The Argus Leader reports: A former Citibank employee accused of stealing customers’ identities has reached a plea agreement with federal prosecutors. Terri Jo Huber, 43, of Sioux Falls, was indicted on nine fraud-related counts in August, including bank fraud, identity theft, access device fraud and embezzlement.