<img height="1" width="1" style="display: none" alt="" src="https://px.ads.linkedin.com/collect/?pid=1098858&amp;fmt=gif">

South Korea Fines Coupang $400M in Record Data Breach Penalty

Coupang fined $400M for a data breach affecting 37.5M users in South Korea, highlighting poor data management and unauthorized data collection.
Content Team

South Korea has slapped e-commerce giant Coupang with a record $400 million fine after a data breach exposed personal information belonging to roughly 37.5 million users — more than half the country's population. Seoul's Personal Information Protection Commission found the company failed to properly manage authentication keys and access controls. Regulators added a separate penalty for collecting data without user consent.

Coupang says the breach likely started as early as June through a foreign server and initially affected 4,500 accounts before ballooning to nearly 34 million. The company's CEO resigned following the incident. Coupang plans to fight the ruling in court.

Source: BBC News

Share this article
Share on facebook Share on linkedin Share on twitter Share on email
blog_book_a_demo_cta_3x
Have questions about protecting your software?
Our escrow experts are standing by to help.
Book a free demo