After loan firm hacks, FSS summons 20 CEOs to urge tighter security

South Korea’s Financial Supervisory Service said on May 13 that it held a meeting with the CEOs of 20 loan companies, chaired by Assistant Governor Kim Hyung-won for livelihood finance, and urged stronger preparation for hacking incidents and tighter security. The move followed a series of customer data leaks at loan firms. In March, data was leaked from NR Capital Loan and MSI Loan, subsidiaries of Leadcorp, the country’s largest loan company. According to the FSS, the incidents occurred when employees accessed external internet sites on work PCs and were infected with malware. Hackers used the stolen customer data to threaten the companies by posting that they would sell personal information on the dark web. They also attempted further crimes by sending phishing emails to customers in the names of loan firms, saying debts would be forgiven if coins were sent. Source: rss.donga.com