Coupang hit with record $409 million data breach fine in Korea

Coupang hit with record 9 million data breach fine in Korea
South Korea’s Personal Information Protection Commission fined Coupang a record 624.6 billion won after a breach exposed the personal data of about 37.55 million customers. The regulator also penalized Coupang Fulfillment Service and cited weak authentication key management, poor access controls, and multiple violations of data protection rules. #Coupang #CoupangFulfillmentService #PIPC

Keypoints

  • PIPC imposed a record fine on Coupang for the massive breach.
  • About 37.55 million customers’ information was leaked.
  • Investigators blamed poor authentication key management and access controls.
  • Coupang Fulfillment Service was also fined for unlawful data handling.
  • Authorities cited failures in data deletion, breach notification, and investigation cooperation.

Read More: https://www.bleepingcomputer.com/news/security/south-korea-hits-coupang-with-record-409-million-fine-over-data-breach/