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South Korea Probes Lotte Card Breach That May Have Exposed Data on Millions

Regulators expect to wrap on-site inspections this week, followed by a CEO apology plus customer notifications.

Overview

  • On-site findings suggest the leak is far larger than Lotte Card’s initial report of 1.7 gigabytes stolen.
  • Authorities say the stolen records likely include payment histories, card information and online payment requests.
  • Investigators detail attacks beginning Aug. 14 with further attempts through Aug. 16, while malicious code went undetected until Aug. 26.
  • Lotte Card, which has about 9.6 million members, plans to disclose confirmed impacts once the probe concludes.
  • President Lee Jae Myung called for tougher cybersecurity penalties as FSS Gov. Lee Chan-jin pressed companies to invest, with owner MBK Partners facing scrutiny and a planned sale of Lotte Card encountering new headwinds.