Coupang, South Korea’s largest retailer, announced a $1.17 billion compensation plan for the 33.7 million customers affected by a major data breach. The incident involved a former employee with system access, and the company is working to restore trust amid investigations by international cybersecurity firms. #CoupangDataBreach #ExEmployeeHacking
Keypoints
- Coupang experienced a significant data breach affecting 33.7 million customers in South Korea.
- The breach was caused by a former employee with unauthorized access who retained system access after leaving.
- The company plans to compensate affected customers with vouchers starting January 15, 2026.
- Authorities suspect a Chinese national working in Coupang’s IT department was involved in the breach.
- Investigation agencies, including Mandiant and Palo Alto Networks, recovered evidence from seized devices.