Tuesday, June 7, 2011

Regulator plans to discipline Hyundai Capital over hacking

SEOUL, May 18 (Yonhap) -- South Korea's financial regulator decided
Wednesday to punish Hyundai Capital Services Inc. for lax computer system
maintenance, which led to a major hacking attack at the biggest local
consumer finance firm.

The Financial Supervisory Service (FSS) launched an inspection into
Hyundai Capital on April 11 after a hacker broke into Hyundai Capital
between March 6 and April 7, stole personal customer information and
demanded cash from the company, threatening to leak it on the Internet.

Holding Hyundai Capital accountable for negligence in computer system
security management, the FSS will submit the case to its disciplinary
decision committee to decide on the punishment for Hyundai Capital and its
executives, according to the regulator.

The FSS said data on 1.75 million Hyundai Capital customers was leaked
during the attack, in which the hacker implanted a malicious program in
the company's homepage. The program was downloaded onto computers of
customers who accessed the homepage.

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