Korea fines e-commerce giant $400m over data breach affecting millions

A group of protesters holds signs demanding accountability and better data protection outside the headquarters of the ecommerce giant fined 0 million for a major data breach.

The Korea Communications Commission (KCC) announced the fine on October 15, 2023, citing negligence in the company’s data protection measures. This ruling marks one of the largest penalties ever levied in the country for a data privacy violation, reflecting the government’s commitment to enforcing stricter regulations in the digital marketplace. For more insights on data … Read more