Tag: Coupang

President Lee Wants Harsher Penalties for Data Breaches in South Korea

President Lee wants more penalties for data breaches, but maybe South Korea should stop hiring Chinese since the Coupang data breach was an inside job perpetuated by a former Chinese employee who fled to China:

President Lee Jae Myung called Tuesday for strengthening penalties and implementing the punitive damages system in the event of data leaks similar to the massive breach at e-commerce giant Coupang.

Lee issued the call during a Cabinet meeting days after the company said the personal information of nearly 34 million customers had been stolen, including names, addresses and phone numbers.

“We must swiftly determine the cause of the accident and strictly demand accountability,” he said during the meeting at the presidential office, expressing shock that the company had been unaware of the breach for five months. (……)

Police said Monday they are tracking down the suspect behind the data breach after securing the Internet Protocol (IP) address that was used.

The breach began in June, and a former employee, a Chinese national who has since left South Korea, has been identified as the perpetrator, Coupang said.

Yonhap

You can read more at the link.

Picture of the Day: Coupang CEO Attends Memorial for Deceased Firefighter

Coupang CEO at mortuary of late fireman
Coupang CEO at mortuary of late fireman
Coupang Inc. CEO Kang Han-seung speaks to reporters at a hospital mortuary in Hanam, south of Seoul, where he came to pay tribute to the late fireman who died in line of duty during the blaze that burned down a warehouse run by the e-commerce giant, in Icheon, 80 kilometers south of Seoul. (Yonhap)