Hackers reportedly hacked LoopPay, the U.S.-created mobile payment system acquired by Samsung in February, in March.

The report added that the hackers who attacked the South Korean company were from China, thus framing the breach as a case of international, possibly corporate, espionage, rather than just

another hack.

New York Times reported in details about the hacking attack, claiming that the Chinese hacker group the Codoso Group had breached the LoopPay computer network. The company first discovered the breach in August, which means the hackers got a full five months access to the network.

For its part, Samsung claims that the breach did not extend to Samsung's own computer network.

"Samsung Pay was not impacted and at no point was any personal payment information at risk," Darlene Cedres, Samsung's chief privacy officer, said.

"This was an isolated incident that targeted the LoopPay corporate network, which is a physically separate network from Samsung Pay This was an isolated incident that targeted the LoopPay corporate network, which is a physically separate network from Samsung Pay. The LoopPay corporate network issue was resolved immediately and had nothing to do with Samsung Pay. Samsung is extremely committed to securing and protecting user data to the highest industry standards."

The report of the hacking has come at a time for Samsung when the company just launched its Samsung Pay product in the US last week.

Samsung claims that no personal payment information was ever at risk. Instead, it appears the hackers were after details on LoopPay's magnetic secure transmission (MST) technology.

Samsung is using MST together with its wireless NFC technology to allow mobile payments on older systems that rely on older magnetic stripe card-style payment systems.