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Hackers Access Data on 420,000, President Reacts

DATA LOSS—SOUTH KOREA

April 15, 2011

On the heels of the announcement that a breach at car manufacturer Hyundai's consumer finance unit exposed customer data, South Korean President Lee Myung-Bak met with senior aides to stress the importance of strict protection of personal information. "As society becomes more information-oriented, protection of personal information is ever more important," the president said. Hyundai Capital reported the personal information of about 420,000 of its 1.8 million customers was leaked when a hacker accessed its database, Reuters reports. South Korea's Financial Supervisory Service has launched an investigation into the breach, and Hyundai has launched its own investigation. The company says that some customer passwords may have been accessed.
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