Lotte Card fined W5b over massive data breach
- Source
- The Korea Herald - Business
- Source link
- https://www.koreaherald.com/article/10827569
- Published
- 2026-07-31 21:31:15
- Discovered by ProcIntel
- 2026-07-31 12:36:11
- Category
- Procurement & Supply Chain News
- Geography
- South Korea
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Lotte Card Co. has been slapped with 5 billion won (US$3.38 million) in financial penalties and a business suspension of 1.5 months over its massive data leak, the financial regulator said Friday. The Financial Services Commission (FSC) said the card company is banned from issuing cards to new customers from Aug. 1 to Sept. 15. Lotte Card's online payment system was hacked last year, resulting in the leak of personal information of about 2.97 million customers. It was also found that the company
Procurement Relevance Gate
- cyber_infrastructure_disruption (weight 8) — matched on "data breach"
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.