Hackers were After Technology; Not Money or Sensitive Data
- The hackers broke into LoopPay's corporate network, but not the production system that helps manage payments.
- It seems the hackers were after the MST technology, which is the key part of the Samsung Pay mobile payment system that made its public debut in the US last week.
Samsung Pay and the MST Technology
Supporting older payment systems by emulating a commonly used magnetic stripe card.
LoopPay Hacked! But Samsung Pay Not Affected
In a statement, Samsung's chief privacy officer Darlene Cedres said, "Samsung Pay was not impacted and at no point was any personal payment information at risk. This was an isolated incident that targeted the LoopPay corporate network, which is a physically separate network from Samsung Pay."