Samsung Pay has confirmed to temporarily suspended its service in the U.S. after Travelex cyberattack. The halt is due to the influence of a global currency exchange site attacked by Ransomware.
Travelex, a global currency exchange website based in the U.K., temporarily suspended its service due to a cyber attack on Ransomware on Tuesday. Travelex is a company that operates automatic exchange stations in more than 1,200 locations around the world. With the airport being the world’s largest exchange booth.
The Ransomware attack targeting Travelex began on Dec. 31 last year. The attacker demanded 6 million U.S. dollars in return. The company said no sensitive information, such as credit card information and the date of birth, has leaked. To prevent further infringement, the company temporarily suspended the service.
Travelex service halt impact on Samsung Pay
As Travelex stopped its service, it also had an impact on its partners that use the Travelex platform. Samsung Pay is one of them. Samsung Pay launched a remittance service in the U.S. in October last year in cooperation with British Finablr. Travelex is a Finablr subsidiary, which provides a function for users of Samsung Pay to check fees and exchange rates before transferring money.
Samsung Pay will suspend its services in the U.S. along with the Travelex service until the company completes its action to respond to the Ransomware attack. Only users of Samsung Pay in the U.S. cannot use the remittance function.
“We have not detected any abnormal activity in Samsung Pay system and Samsung Pay user transactions and customer information were not affected by the accident,” a Samsung Pay official said. “We decided to disable Travelex and international payment services as a preemptive measure.”
Meanwhile, Samsung has just announced its financial report for the 2019 fiscal year. And the South Korean company reveals its plan on launching middle range smartphone this year. Starting with the launch of Galaxy S10 Lite and Note 10 Lite in India.
