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Bank Info Security 6 months, 1 week ago

Breached E-Commerce Giant Details $1B 'Customer Trust' Plan

Critics of South Korea's Coupang Dismiss Offer as Marketing More Than CompensationAfter suffering a data breach that exposed personal data for two-thirds of South Korea' population, online retailer Coupang promised to distribute $1.2 billion in vouchers to "restore customer trust." But critics have accused the move of being more about marketing than true compensation.

Bank Info Security 6 Jan 2026, 6:00 a.m. Breach Compensation E-commerce Exposure PII South Korea
Bank Info Security 7 months, 2 weeks ago

South Korean E-Commerce Giant Coupang Probes Massive Breach

Chinese Developer Formerly Employed by Company Suspected of Data TheftSouth Korea's biggest online retailer, Coupang, said a five-month breach exposed personal data pertaining to 34 million customers, and only came to light after it received an extortion demand. Police said a former developer at the company, a Chinese national who fled the country, is a suspect.

Bank Info Security 3 Dec 2025, 5:00 a.m. Breach China E-commerce Exposure Extortion PII South Korea Theft