The breach was discovered in August, giving the hackers a full five months access to the data pipe.
The LoopPay corporate web connection issue was resolved immediately and had nothing to do with Samsung Pay.
Samsung is extremely committed to securing and protecting user data to the highest industry standards.
According to Samsung, no personal payment information was ever at risk.
Instead, it appears the hackers were after details on LoopPays MST technology.
LoopPay brought in two independent professional security teams, reads the Samsungs blog post.
Again, Samsung, Samsung Pay, and Samsung users were not affected.
Samsung Pay was launched 38 days after the hack was discovered in the U.S. Samsung had acquired LoopPay to take on its competitors, Apple Pay and Android Pay.
source: www.techworm.net
