NYSE:CPNGMultiline Retail
Coupang’s Record Data Breach Fine Puts Compliance And Customer Trust In Focus
South Korea’s Personal Information Protection Commission has fined Coupang (NYSE:CPNG) more than US$400m after a major data breach.
The breach exposed personal information of over 33 million customers and regulators found the company did not detect it within the required timeframe.
Authorities also ruled that Coupang illegally collected data from millions of customers, adding to the scale of the sanctions.
Coupang runs one of South Korea’s largest e commerce platforms, with delivery,...