Coupang hit with record W624.7b privacy fine

South Korea’s privacy watchdog has imposed a record 624.68 billion won ($409 million) fine on Coupang over a massive data breach and unauthorized tracking of users’ online activity.

The Personal Information Protection Commission said Thursday the penalty was approved at a plenary meeting the previous day after it found that the e-commerce giant had failed to maintain basic safeguards for customer data, citing poor management of authentication signing keys and weak access controls.

The penalty is ...