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News
Korea raises data breach fines to 10% of revenue
4+ day, 8+ hour ago (260+ words) Companies behind major negligent data leaks can now face fines of up to 10 percent of annual revenue under revised privacy rules. Korea's privacy regulator is sharply raising the cost of data breaches, aiming to push companies to treat data protection…...
Korea to introduce strengthened penalties for large-scale data leaks
4+ day, 9+ hour ago (295+ words) Companies responsible for leaks affecting more than 10 million people could face fines of up to 10 percent of sales starting Friday. Korea will introduce strengthened penalties this week for companies that suffer personal information leaks affecting more than 10 million people, the…...
Korea Fines Four Firms Over Raw Material Price-Linking Rules
5+ day, 3+ hour ago (227+ words) 23 Violations Found, Including Delayed Issuance of Agreements Two Penalty Points and Fines of Up to 10 Million Won Imposed The Ministry of SMEs and Startups said on the 9th that it had found 23 violations at four companies, including coffee franchises and food…...
South Korea speeds death-data sharing to block fraud within a day
1+ week, 1+ day ago (13+ words) CHOSUNBIZ Chosunbiz...
Amazon Now Hides Product Names in Order Emails, Citing Privacy as Shoppers Say They Hate the Change
1+ week, 4+ day ago (623+ words) SEATTLE — Amazon has stripped specific product names from many order confirmation and shipping emails, replacing them with broad categories such as "automotive item" or "beauty item," a change the company says is meant to protect privacy and push shoppers back…...
Tving data leak spurs coupon plan as Korea weighs penalties, profits at risk
2+ week, 13+ hour ago (15+ words) CHOSUNBIZ Chosunbiz...
Why facial recognition is retail’s next ticking timebomb
3+ week, 4+ day ago (73+ words) Stephanie Caite Chadwick is an Editor of features and premium content at Inside Retail and Inside FMCG. She contributes to Inside Retail’s content for paid subscribers and is the Editor of Inside FMCG’s quarterly print magazine. As part of Inside…...
South Korean finance platform 3Pro TV reports data breach | MLex | Specialist news and analysis on legal risk and regulation
1+ mon, 4+ day ago (160+ words) South Korean finance platform 3Pro TV reports data breach MLex Law360 | The Practice of Law Law360 Authority | Deep News & Analysis Law360 Pulse | The Business of Law South Korean finance platform 3Pro TV reports data breach Prepare for tomorrow’s regulatory change, today MLex identifies risk to…...
Korean Telecoms Lose Breach Immunity: Regulator Voids Subscriber Liability Waivers
1+ mon, 1+ week ago (587+ words) Tech Times...
Korea Antitrust Body Warns of Record 15 Trillion Won Fine in Bond Bid-Rigging Case
1+ mon, 1+ week ago (220+ words) 15 Financial Firms Rigged 76 Trillion Won in Treasury Bond Bids FTC Signals Maximum Fine of 15.24 Trillion Won Fifteen financial firms designated as primary dealers (PDs) for Korean treasury bonds face a fine of up to 15 trillion won from the Fair Trade…...