Coupang Fines $409 Million for Massive Data Breach
Coupang has been slapped with a whopping $409 million fine for a massive data breach that exposed the personal info of 37.55 million people, due to a lax safety management system and negligence in key security measures. The hefty penalty is part of a landmark enforcement action by South Korea's Personal Information Protection Commission.
#DataBreach #SouthKorea #PersonalInformationProtectionCommission #Pipc #ECommerce
Selon Reuters, la Personal Information Protection Commission (PIPC) de Corée du Sud a sanctionné SK Telecom, le plus grand opérateur mobile du pays, à la suite d’une cyberattaque survenue cette année ayant entraîné une fuite massive de données. La PIPC a annoncé une amende d’environ 134 milliards de wons (environ 96,53 millions de dollars), reprochant à l’opérateur d’avoir négligé ses obligations de sécurité et d’avoir tardé à notifier les clients affectés par la fuite.
Well, we anticipated a big monetary penalty for #SKTelecom over the massive #databreach it disclosed earlier this year. Now we know how big the penalty is -- $97M plus all the past requirements the government put into place to deal with security failures that went back to 2021.
https://www.telecomstechnews.com/news/south-korea-fines-sk-telecom-us-97m-over-data-breach/
This may not be the end of all SKT's consequences, as there was also a criminal investigation being opened for SKT's alleged failure to comply with a data preservation order during the investigation into the breach and response.
Some more background:
https://databreaches.net/2025/07/04/sk-telecom-to-be-fined-for-late-data-breach-report-ordered-to-waive-cancellation-fees-criminal-investigation-into-them-launched/
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