South Korea Fines Coupang $408 Million Over Historic Data Leak
South Korea's data protection watchdog has imposed a $408 million fine on the e-commerce giant Coupang. The penalty is in response to what is described as the largest data leak in the country's history. Authorities cited the company for failing to implement adequate safety measures and delaying the reporting of the breach.
South Korea's data protection watchdog has issued a substantial fine of $408 million against the e-commerce giant Coupang. This significant penalty is a consequence of what has been identified as the largest data leak in the nation's history.
The regulatory body determined that Coupang did not implement sufficient safety measures to safeguard sensitive information. Furthermore, the company was found to have delayed the official reporting of the data breach, contributing to the severity of the sanction.
According to Al Jazeera, the watchdog's findings highlight critical failures in data protection protocols and breach notification procedures.
