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South Korean Firms Fined Over Data Theft

South Korean Firms Fined Over Data Theft

Three credit card companies have been fined in South Korea for their role in the country's largest ever theft of financial data.

Reportedly more than 20 million people had their financial data stolen and sold to marketing firms last month.

The three companies, KB Kockmin Bank, Lotte Card and NH Nonghyup Card, will each be fined six million South Korean won, and will be banned from issuing new credit cards for three months.

The three bosses have released a public apology, with several executives stepping down from their roles.


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