Chinese Hackers Attack The Tech Firm Behind Samsung Pay

Chinese Hackers Attack The Tech Firm Behind Samsung Pay
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A group of government-affiliated Chinese hackers attacked LoopPay, a technology firm behind Samsung Pay, the mobile payment system of Samsung Electronics.

The New York Times reported that the Chinese hackers known as Codoso Group or Sunshock group breached the computer network of LoopPay in March before Samsung Electronics acquired the tech firm for $250 million.

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Chinese hackers were after the MST technology on Samsung Pay

According to the executives of LoopPay, the Chinese hackers tried to steal, or they were after the company’s magnetic secure transmission (MST) technology, a major part of Samsung Pay.