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Submission + - China's largest payment provider's data breach

An anonymous reader writes: According to this story in quartz China’s version of Paypal lost a huge trove of user data, and didn’t notice for years the breach of about 20 gigabytes of user data stolen from the Chinese online giant Alibaba’s payments unit was sold to other e-commerce firms and market research companies in 2010. It wasn’t until 2012 that company officials suspected information had been stolen; in November 2013 police charged an employee in Alipay’s technical staff with stealing the information, as well as a man with another e-commerce firm who bought the data. (The going rate was reportedly 500 yuan ($82) per 30,000 items of the data haul.) Funny no one in internet picked this story although it affects more then 200 million users on payment service. If this happens in US or other country the company will collapse almost, but again in China due to local protection the company is not just surviving but thriving.
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China's largest payment provider's data breach

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