Coupang, a major South Korean e-commerce company, announced a $1.17 billion compensation plan following a data breach affecting 33.7 million customers. The breach was caused by a former employee’s unauthorized access, but the company recovered the stolen data and seized the intruder’s devices. #Coupang #DataBreach #CustomerCompensation #Cyberattack #Korea
Keypoints
- The data breach at Coupang was discovered in November and involved over 33 million customer accounts.
- A former employee was identified as responsible for unauthorized access to personal information.
- Coupang plans to compensate affected customers with vouchers worth approximately $35 each.
- The company recovered all stolen data and seized the intruder’s storage devices.
- Coupang aims to restore customer trust and demonstrate a customer-centric approach following the incident.
Read More: https://www.securityweek.com/coupang-to-issue-1-17-billion-in-vouchers-over-data-breach/