The security breach at Samsung subsidiary LoopPay was probably more about spying than about gathering consumer data for profit, and the worst could be yet to come, a security analyst said Wednesday.
Samsung acknowledged the attack on LoopPay, which it acquired in February for technology that it uses in its Samsung Pay service. It said hackers only breached LoopPay’s office network, not systems used by Samsung Pay. The affected servers have been isolated and no personal payment information was put at risk, according to Samsung.
However, if the breach was carried out by the notorious Codoso Group in China, as The New York Times reported, it probably wasn’t intended to steal consumer data for sale, said Ken Westin, a senior security analyst at threat-detection software company TripWire.
The Codoso Group has been linked to large-scale attacks on major defense, finance and other organizations, including websites related to the Uyghur minority in China. It allegedly is affiliated with the government of China.
Read the Full Article: Source – PC World
Browsing Privacy: (PC World) – Hackers who targeted Samsung Pay may be looking to track individuals