KT hit with W54b penalty over data breach

South Korea’s privacy regulator on Thursday fined KT Corp.

53.98 billion won ($37.4 million) over a data breach linked to the company’s failure to properly secure its femtocell system.

The Personal Information Protection Commission said KT’s inadequate management of its small-cell base station network allowed hackers using illegally manufactured femtocells to gain unauthorized access to the company’s mobile network.

The breach, which occurred in August last year, exposed the personal information ...