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Tens of thousands of South Koreans flood banks after data leak

Published on Jan 21, 2014 7:49 PM
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South Korean customers wait in a line to reissue their credit cards at a branch of Lotte Card in Seoul on Tuesday, Jan 21, 2014. Tens of thousands of South Koreans flooded banks and call centres on Tuesday to cancel credit cards following the unprecedented theft of the personal data of at least 20 million people. -- PHOTO: AFP

SEOUL (AFP) - Tens of thousands of South Koreans flooded banks and call centres Tuesday to cancel credit cards following the unprecedented theft of the personal data of at least 20 million people.

Since Monday, more than 1.15 million victims of the country's largest-ever leak of private financial information have cancelled their credit cards permanently or requested new ones, according to the Financial Supervisory Service (FSS).

The panic has its roots in the arrest earlier this month of an employee from personal credit ratings firm Korea Credit Bureau, on charges of stealing and selling data from customers of three credit card firms while working as a temporary consultant.

On Sunday financial regulators announced that at least 20 million people - in a country of 50 million - had been victims of the data theft.

 
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