Data-leaked card firms may suffer some 100 bln won revenue loss on biz suspension

[InfoSec News <alerts () infosecnews org>]

http://english.yonhapnews.co.kr/business/2014/02/20/60/0501000000AEN20140220002000320F.html

Yonhap News Agency
2014/02/20

SEOUL, Feb. 20 (Yonhap) -- The three credit card firms hit by recent 
massive data leaks may lose some 100 billion won (US$93.6 million) in 
revenues due to a three-month business suspension ordered by the country's 
financial regulator, data showed on Thursday.

Last month, the Financial Services Commission (FSC) revealed that some 20 
million clients' personal data had been leaked from the three credit card 
firms -- KB Kookmin, NH Nonghyup and Lotte -- as well as Kookmin Bank, 
which shared customer data with its affiliated card firm.

As punishment for the data breach, the card firms were barred from signing 
up new customers and offering new products and loan services starting 
Monday this week.

KB Kookmin Card estimated in a regulatory filing that it could lose some 
44.6 billion won in operating revenue.

[...]



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