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Yonhap reports the Financial Services Commission (FSC) has reiterated “it will sternly deal with a recent massive data breach and overhaul measures to better protect personal information.” The FSC revealed last month “that some 20 million clients' personal data, including bank account numbers, addresses and credit ratings, had been leaked from three credit card firms,” the report states, noting there was also a breach involving a bank sharing customer data with an affiliated credit card company. The FSC “plans to suspend the card firms' operations for three months, barring them from taking applications for new plastic cards or selling financial products,” and the FSC’s chairman noted, "Top executives of the credit card firms will face harsher punishment as well, including dismissals.”
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