Credit Card Data Theft Leaves South Korea "Seething"

The United States is not the only country where credit card data theft is a major issue. On the heels of high-profile credit card security breaches at Target Corporation (NYSE:TGT) and Neiman Marcus, South Korean officials are reportedly seething over the theft of data from more than 100 million credit card accounts. The thieves even snatched credit card data from South Korean President Park Geun-hye and UN chief Ban Ki-moon, according to reports. Unlike the digital breaches in the U.S., which were likely executed overseas and perpetrated by hacking through internet security protocols, the South Korean episode involves physical theft. …