Gov't vows stern steps against bank data leaks

  Prime Minister Chung Hong-won instructed the financial watchdog chief Monday to sternly punish those responsible for a recent massive leak of personal information of credit card users, calling for fundamental measures to prevent recurrence.

   According to the prosecution, sensitive personal information, including resident registration numbers, bank account numbers and credit ratings, of as many as 104 million customers were leaked altogether from the country's major credit card firms of KB Kookmin Card Co., NH Nonghyup Card Co. and Lotte Card Co.

   "Relevant institutions should do everything to learn the exact situation of the data leak to prevent the stolen information from being used by financial scammers," Chung told Shin Je-yoon, the chairman of the policymaking regulatory body, the Financial Services Commission.

   He then instructed the watchdog chief to set up a task force involving the government and the credit card firms to find out what caused the incident and who is responsible for it, according to the Prime Minister's Secretariat.

   Chung then called on the authorities concerned to "greatly strengthen punishment for those who leaked the information to deter anyone from daring to conduct such crimes."

   He also stressed the need for "fundamental solutions to prevent the recurrence of such incidents," such as levying fines on credit card firms.

   The massive leakage came less than a month after personal data of some 130,000 customers of Standard Chartered Bank Korea and Citi Bank Korea was stolen, the largest number in the history of the banking sector in South Korea.

   In the wake of the case, the Financial Customer Agency said Monday it will request the Financial Supervisory Service to launch a probe into the banks and credit card firms that experienced the leaks of their customers' information.  (Yonhap News)