For the past few years, I’ve covered the consequences Kookmin, NongHyup, and Lotte Card have faced after cardholders’ information was stolen by an contractor’s employee over an 18-month period from 2012 to 2013. I continue to be impressed that even though some of the fines or consequences haven’t been huge by our standards, there have been consequences to both the…
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NC: Skimmers steal CMPD gas card info; police warning public
Coleen Harry reports: Charlotte Mecklenburg Police are reminding people to be vigilant when paying for gas at the pump after officers with the department fell victim to card skimmers at local pumps. Police say four of the department’s Fuelman credit cards were skimmed at a local gas station in April. Officers have not said where…
Two computers stolen from unlocked hospital offices: Orange Village police blotter
Thomas Jewell reports: Grand theft from building, Orange Place: Police made two trips to University Hospitals’ Chagrin Highlands Medical Center after two exterior doors on office suites were discovered unlocked on the morning of Nov. 22. The first desktop computer, an HP 8200 valued at $1,000, was discovered missing that morning from Suite 4200. Then on…
KR: Executives at 3 credit card firms face heavy penalty for data theft
Chung Ah-young reports: About 80 officials, including former CEOs and executives, from three credit card firms face heavy penalties for the theft of customers’ personal information, the financial regulator said Wednesday. Former CEOs of the firms face heavy penalties equivalent to recommendations of dismissal, which means they will be banned from working for other financial…
KR: Sanctioned card firms to resume operation this week, but suspension really cost them
Yonhap News Agency reports that although financial regulators are about to lift the 3-month suspension for new sign-ups they imposed on three credit card firms over data breaches, the suspension cost the firms a combined $117,000,000.00 and may cost their top executives their jobs: According to the officials, the Financial Supervisory Service (FSS) will lift…
KR: Data-leaked card firms may suffer some 100 bln won revenue loss on biz suspension
Yonhap News reports that penalties imposed by financial regulators following data leaks may really hurt card issuers’ bottom lines this year: The three credit card firms hit by recent massive data leaks may lose some 100 billion won (US$93.6 million) in revenues due to a three-month business suspension ordered by the country’s financial regulator, data…