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News
Korea raises data breach fines to 10% of revenue
3+ day, 2+ 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
3+ day, 4+ 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…...
Confused.com and HUMAN Security Partner to Protect Journeys
4+ day, 11+ min ago (552+ words) Confused.com, HUMAN Security Partner to Protect Digital Journeys MarTech Cube New integration provides enhanced visibility into automated and agentic activity, safeguarding customer interactions on the UK’s leading financial services comparison platform HUMAN Security, Inc., the trust layer for digital…...
Korea Fines Four Firms Over Raw Material Price-Linking Rules
3+ day, 22+ 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
6+ day, 23+ hour ago (13+ words) CHOSUNBIZ Chosunbiz...
Korea steps up IP crackdowns as tech leaks and counterfeits surge 32%
1+ week, 3+ day ago (14+ words) CHOSUNBIZ Chosunbiz...
Scammers bag a profit from sales of empty luxury packaging
1+ week, 5+ day ago (69+ words) The Times Scammers bag a profit from sales of empty luxury packaging Sellers on eBay and Vinted list packaging for brands such as Rolex and Hermès for £400 or more — but the trade may benefit the counterfeit underworld Challenge yourself with…...
South Korea fines GS Retail over data breaches affecting 1.6 million users | MLex | Specialist news and analysis on legal risk and regulation
1+ week, 6+ day ago (278+ words) MLex Summary: South Korean retail company GS Retail has been fined 12.8 billion won ($9.3 million) by the country's privacy regulator over data breaches that exposed personal information of more than 1.6 million users of its GS Shop and GS25 services. The Personal Information…...
GS Retail fined 12.8 bln won over personal data leak of 1.66 mln customers
1+ week, 6+ day ago (214+ words) SEOUL, Aug. 31 (Yonhap) -- GS Retail Co., a retail giant that operates GS25 convenience stores, has been issued a 12.8 billion-won (US$9.3 million) fine over a personal data leak that affected 1.66 million customers, the privacy watchdog said Monday. According to the Personal Information…...
Tving data leak spurs coupon plan as Korea weighs penalties, profits at risk
1+ week, 6+ day ago (15+ words) CHOSUNBIZ Chosunbiz...