Nearly 3 Million Customers’ Personal Data Exposed in Credit Card Company Breach

The world of finance has once again been shaken by a massive data breach. This time, South Korean credit card provider Lotte Card , backed by private equity fund MBK, confirmed that the personal information of nearly 2.97 million customers was exposed in a hacking incident, according to Reuters. Established in December 2002 as a venture licensed by American Express and Lotte Department Store , the company has grown to be one of the country’s major credit card issuers.