CodosoGroup
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Chinese hackers attacked the company behind Samsung Pay
A notorious group of state-sponsored Chinese hackers reportedly broke into the computer systems of LoopPay, the company that created the tech used in Samsung Pay. According to the NYT, the breach by the so-called Codoso Group occurred in March, well before Samsung acquired LoopPay for $250 million. The technology forms the core of Samsung's mobile payment system, which launched in the US on September 28th. However, Samsung says that "Samsung Pay was not impacted and at no point was any personal payment information at risk."
