Tens of thousands of South Koreans flood banks after data leak
Published on Jan 21, 2014 7:49 PM
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.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here