Digital Chosun Ilbo
July 28, 2008
Some 9 million files of Korean credit information stolen by a Chinese
hacker ended up back in Korea and were illegally sold and distributed to
Korean loan firms, police say.
The Seoul Metropolitan Police Agency's Cyber Crime Investigation
Division on Sunday said it had requested an arrest warrant for a
42-year-old loan go-between, identified by his surname Chun, who has
fled to China. Chun is charged with W2.7 billion in illegal gains
(US$1=W1,010) earned through buying information stolen by a Chinese
hacker from some 2,000 Korean bank, loan firm, Internet shopping mall
and university computer networks, and then using the data to mediate
deals for Korean loan sharks.
In addition to Chun, police arrested without detention six others
including "Shin" (42), who ran a loan mediating company using illegally
obtained credit information. A warrant was also requested for "Im" (29),
who has also fled.
Police say the suspects bought 9 million files of stolen data from a
Chinese-based hacker for W15 million in May 2006. The data include
personal resident registration numbers, phone numbers and credit info.
Using the data, the suspects allegedly called people who had previously
borrowed loans or were thought to be in need of money and introduced
them to loan sharks in the non-institutional financial market.
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