Citibank Korea Customer Data Hacked, Purchases Made
Personal data on the Citibank e-payment system, used for e-commerce, has been hacked, allowing illegal transactions on bank users' credit cards.More here.
According to the banking industry, 20 credit cards issued by Citibank of Korea have been illegally settled from Feb. 1 to 6, worth 50 million won [USD $53,504].
Citibank Korea has requested an investigation from the National Policy Agency's Cyber Terror Center after finding the company's e-payment system was hacked to garner dates on the customers' credit card information and passwords in order to make charges.
Hackers targeted under-300,000 won [USD $321] financial transactions of companies with weak e-payment security.
That method was used, as below-300,000 won financial transactions can be made by inserting basic personal information, such as credit card numbers and passwords without official certificates.
"Unlike other banks, Citibank has omitted the process of inserting the Card Validation Code (CVC) when executing e-payments, allowing the culprits to take illegal actions," said an official from the Financial Supervisory Service (FSS).
(Props, Pogo Was Right.)
posted by Fergie @ 2/15/2007 10:05:00 AM
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