CHINA-ECONOMY: MAJOR LEAK OF PRIVATE DATA COULD COMPROMISE CHINESE BANKS
China's financial news service magazine Caixin disclosed (April 15) that an online post openly offered to sell more than 1 million pieces of customer information allegedly belonging to several Chinese financial institutions fuelling fears of potentially massive leaks of private data. But, while it said, at least one bank involved said the records were not authentic it did not disclose the name of this bank. The post, originally published on the overseas hacker site Raidforums, offered to sell customer information from several Chinese banks and insurance companies, including Bank of Shanghai, the Industrial Bank, Shanghai Pudong Development Bank, China Merchants Bank and Ping An Insurance. Information for sale includes customers’ names, phone numbers, identification numbers and home addresses.
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