More US investors sue South Korean government over handling of Coupang data breach | TechCrunch

Coupang’s massive data breach has sparked U.S. investor lawsuits against the South Korean government over alleged discrimination

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Nach Datenabgriff: Coupang sabotiert Ermittlungen, US-Politik mischt sich ein

Coupang ist eigentlich nur in Südkorea tätig, aber in den USA gelistet. Dort sucht der Onlinehändler Unterstützung gegen Ermittlungen zu einem Datenabgriff.

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Coupang faces mounting regulatory and legal risks after a probe found its massive data breach was due to internal management failures, not hacking, with potential fines up to 1 trillion won ($750 million) and U.S. lawsuits underway.
#YonhapInfomax #Coupang #DataBreach #PersonalInformationProtectionAct #RegulatoryFines #ClassActionLawsuit #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104893
Coupang Data Breach Attributed to Lax Management, Not Hacking—Mounting Accountability

Coupang faces mounting regulatory and legal risks after a probe found its massive data breach was due to internal management failures, not hacking, with potential fines up to 1 trillion won ($750 million) and U.S. lawsuits underway.

Yonhap Infomax
A government probe found Coupang's massive data breach stemmed from authentication management failures, not a sophisticated cyberattack, with over 33 million users' data exposed but no payment information leaked; authorities plan stricter penalties for future incidents.
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#Coupang #DataBreach #AuthenticationManagement #PersonalInformation #MinistryOfScienceAndICT
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104788
Investigation Team - 'Coupang Breach Due to Authentication Management Issues—Not a Sophisticated Attack' (Comprehensive)

A government probe found Coupang's massive data breach stemmed from authentication management failures, not a sophisticated cyberattack, with over 33 million users' data exposed but no payment information leaked; authorities plan stricter penalties for future incidents.

Yonhap Infomax
No customer payment data was compromised in the recent Coupang security incident, according to an official investigation, easing market concerns over potential financial exposure.
#YonhapInfomax
#Coupang #SecurityIncident #PaymentInformation #Investigation #DataLeak
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104767
Investigation Team Finds No Payment Information Leaked in Coupang Security Incident

No customer payment data was compromised in the recent Coupang security incident, according to an official investigation, easing market concerns over potential financial exposure.

Yonhap Infomax
No secondary damages have been identified so far following the Coupang security incident, according to the investigation team, easing immediate market concerns over broader impact.
#YonhapInfomax
#Coupang #SecurityBreach #InvestigationTeam #SecondaryDamages #MarketImpact
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104765
Investigation Team Says No Secondary Damages Confirmed Yet from Coupang Security Breach

No secondary damages have been identified so far following the Coupang security incident, according to the investigation team, easing immediate market concerns over broader impact.

Yonhap Infomax
President Lee Jae-myung urged swift action on National Assembly perjury cases, with remarks seen as targeting Coupang amid ongoing investigations into data leaks and executive testimony.
#YonhapInfomax #PresidentLee #Coupang #NationalAssembly #PerjuryCase #DataLeak #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104732
South Korea’s Ministry of Science and ICT confirmed a massive data breach at Coupang Inc., with over 33 million personal records leaked after a former employee exploited authentication vulnerabilities, marking the largest security incident in the nation’s e-commerce history.
#YonhapInfomax #Coupang #DataBreach #PersonalInformation #AuthenticationVulnerability #MinistryOfScienceAndICT #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104760
Government Confirms 33.67 Million Personal Data Records Leaked at Coupang—Former Employee Exploited Authentication Vulnerability

South Korea’s Ministry of Science and ICT confirmed a massive data breach at Coupang Inc., with over 33 million personal records leaked after a former employee exploited authentication vulnerabilities, marking the largest security incident in the nation’s e-commerce history.

Yonhap Infomax
South Korea's Prime Minister Kim Min-seok rebuffed lawmaker Na Kyung-won's criticism of political scrutiny on Coupang, stating that even the US does not share her view, amid ongoing debate over regulatory actions and their impact on Korea-US relations.
#YonhapInfomax #Coupang #KimMinSeok #NaKyungWon #USRelations #PoliticalScrutiny #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104604
Kim Min-seok Rebuts Na Kyung-won's Criticism of Coupang—'Even the US Doesn't See It That Way'

South Korea's Prime Minister Kim Min-seok rebuffed lawmaker Na Kyung-won's criticism of political scrutiny on Coupang, stating that even the US does not share her view, amid ongoing debate over regulatory actions and their impact on Korea-US relations.

Yonhap Infomax
South Korea's Trade Minister Kim Jeong-gwan signaled that if the Special Act on US Investment passes parliament, a US tariff hike could be deferred, while emphasizing the need to prepare for prolonged trade uncertainty amid ongoing negotiations and regulatory scrutiny.
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#KimJeongGwan #TariffHike #USInvestmentAct #TradeNegotiations #Coupang
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=104587
Kim Jeong-gwan Says 'If US Investment Act Passes, Tariff Hike May Be Deferred—Preparing for a Prolonged Dispute'

South Korea's Trade Minister Kim Jeong-gwan signaled that if the Special Act on US Investment passes parliament, a US tariff hike could be deferred, while emphasizing the need to prepare for prolonged trade uncertainty amid ongoing negotiations and regulatory scrutiny.

Yonhap Infomax