Coupang Data Breach: A Landmark Case for South Korea's Cybersecurity Governance

South Korea's National Assembly grilled Coupang executives over a massive data breach affecting 33.7 million accounts. Authorities are investigating whether a former employee accessed the data. The breach has the potential to be a landmark case for cybersecurity governance in South Korea, influencing how other companies treat user data. The investigation is ongoing, with researchers suggesting the data thief exploited weak security controls and used multiple IP addresses to avoid detection. Coupang apologized and said no payment details or login credentials were exposed. Hacks have been hitting Korean companies, with SK Telecom fined $97 million for failing to protect customer data.