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  • September 19, 2014
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  1. News - Asia - SOUTH KOREA

    South Korean finance firms face 3-month ban after credit-card breach

    Posted Feb 03rd 2014, 01:44am by Bloomberg

    ... Bloomberg in Seoul Finance companies face three-month ban after credit-card breach South Korean regulators will order three consumer finance companies to suspend operations for three months as early as February 14 after the nation's biggest theft of data on credit-card holders, an official said. The Financial Services Commission planned to notify the card units of KB ...

    http://www.scmp.com/news/asia/article/1419333/south-korean-finance-firms-face-3-month-ban-after-credit-card-breach
  2. Banks' move to electronic statements offset by greater flood of junk mail

    Posted Nov 29th 2009, 12:00am by Staff Reporter

    ... me a loan, a large, glossy postcard inviting me to acquire another credit card and an invitation to buy mutual funds, also richly printed on several sheets of paper. So, as well as throwing ... perhaps they could do a mass mailing to give customers to chance to opt out of receiving annoying and unsolicited offers of loans, credit cards and other financial services. Even better, ...

    http://www.scmp.com/article/699754/banks-move-electronic-statements-offset-greater-flood-junk-mail
  3. News - Asia - SOUTH KOREA

    Data from more than 100 million South Korean credit cards and accounts stolen

    Posted Jan 22nd 2014, 03:28pm by Reuters

    ... Reuters in Seoul Credit card and account details reportedly include those of President Park Geun-hye and UN chief Ban Ki-moon The theft of personal information from more than 100 million South Korean credit cards and accounts, reportedly including those of President Park Geun-hye and UN chief Ban Ki-moon, has ignited a storm of anger and litigation against credit firms. Worried ...

    http://www.scmp.com/news/asia/article/1411070/data-more-100-million-south-korean-credit-cards-and-accounts-stolen
  4. Business - Money

    Truant school kids jet off to the sun- with their own credit cards

    Posted Jan 26th 2014, 04:30pm by Anna Healy Fenton

    ... shortened their lovely holiday. If I was the parent of one of these 16-year old lovebirds who bought HK$40,000-worth of air tickets and a five star hotel stay with a credit card I’d trusted them ...   Call me old fashioned but… I would take a very dim view of everyone involved, starting with myself. For trusting them with a credit card and not putting a sensible limit on it. I’d be even ...

    http://www.scmp.com/business/money/wealth/article/1414187/truant-school-kids-jet-sun-their-own-credit-cards
  5. Compensation offered to roadblock cabbie

    Posted Nov 03rd 2009, 12:00am by Staff Reporter

    ... offer after complaining about the tardy response to his plight. Owner-driver Wong Wing-cho paid the HK$110,000 repair bill with his credit card early last month because he had to get the taxi back on the road. The credit card bill was due yesterday. 'Police have sent me a letter on the compensation offer, including the HK$110,000 repair fee,' he said. The police had told ...

    http://www.scmp.com/article/697220/compensation-offered-roadblock-cabbie
  6. News - Hong Kong

    Taxi driver jailed for storing more than 9,000 fake credit cards

    Posted Jan 21st 2014, 04:45am by Thomas Chan

    ... Thomas Chan thomas.chan@scmp.com Stash of fake credit cards lands cabbie in jail A taxi driver has been jailed for six years for storing more than 9,000 bogus credit cards disguised ... flat in Yau Tong on November 22, 2012 and seized 9,047 incomplete fake credit cards. The court did not hear why police searched Cheng's home. "Police found it more challenging ...

    http://www.scmp.com/news/hong-kong/article/1409874/taxi-driver-jailed-storing-more-9000-fake-credit-cards
  7. Business - Companies - SHOPPING

    Warnings on hidden costs of Hong Kong's credit card craze

    Posted Dec 22nd 2013, 04:51am by Amy Nip

    ... Amy Nip amy.nip@scmp.com Credit card craze could prove costly As the Christmas spending frenzy reaches its peak, Hongkongers will be flashing, swiping and debiting almost 18 million credit ... In the first 11 months of this year, the Consumer Council received 406 complaints about credit card services, 43 per cent more than the same period last year. The biggest rise in complaints related ...

    http://www.scmp.com/business/companies/article/1387944/warnings-hidden-costs-hong-kongs-credit-card-craze
  8. News - World - DATA THEFT

    US lags in credit card security

    Posted Dec 23rd 2013, 05:04am by McClatchy-Tribune

    ... McClatchy-Tribune in Los Angeles Target data breach highlights problem of old technology that leaves millions of American consumers wide open to high risk of fraud U.S. lags in credit card security The massive data breach at Target this past week has again highlighted how the United States remains a relatively insecure backwater when it comes to credit card technology. Over the last ...

    http://www.scmp.com/news/world/article/1388457/us-lags-credit-card-security
  9. News - World - HACKING

    Credit card data of 40 million Target shoppers in United States stolen

    Posted Dec 20th 2013, 02:55pm by Reuters

    ... Reuters in Boston Third-largest US retailer faces lawsuits over four-day delay in revealing massive breach Credit card data of 40m Target shoppers stolen Hackers in the US have stolen data from up to 40 million credit and debit cards of shoppers who visited Target stores during the first three weeks of the holiday season. It is the second-largest such breach reported by a US ...

    http://www.scmp.com/news/world/article/1386676/credit-card-data-40-million-target-shoppers-united-states-stolen
  10. 'Bad bank' to tackle credit-binge hangover

    Posted May 22nd 2004, 12:00am by Staff Reporter

    ... Koreans went on a massive credit binge in the late 1990s, fuelled by easy credit as banks and credit card companies competed for market share. The banks were encouraged by the government, which ... and little experience managing credit, many South Koreans quickly spiralled into debt. LG Card, the country's leading credit-card issuer, was rescued with a US$4.2 billion bailout package ...

    http://www.scmp.com/article/456614/bad-bank-tackle-credit-binge-hangover

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