Coupang hit with record W624.7b privacy fine
South Korea’s privacy watchdog has imposed a record 624.68 billion won ($409 million) fine on Coupang over a massive data breach and unauthorized tracking of users’ online activity.
The Personal Information Protection Commission said Thursday the penalty was approved at a plenary meeting the previous day after it found that the e-commerce giant had failed to maintain basic safeguards for customer data, citing poor management of authentication signing keys and weak access controls.
The penalty is
South Korea Fines Coupang for Data Breach
- South Korea hits e-commerce giant Coupang with record US$409 million fine for data breach South China Morning Post —
- S Korea fines e-commerce giant Coupang record $525 million over data leak The Straits Times —
- ‘South Korea’s Amazon’ hit with record fine over data breach Financial Times —
- Coupang fined record W624.7b over massive data breach, unauthorized data collection The Korea Herald —
- South Korea fines Coupang $408m over biggest data leak in country’s history Al Jazeera —