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breaches incidents
Korea raises data breach fines to 10% of revenue
No summary had been written when this copy was frozen.
- First seen by Cybersecurity Tracker
Source attribution
Correction
Correction recorded as of .
breaches incidents
Korea raises data breach fines to 10% of revenue
South Korea's privacy regulator is increasing penalties for data breaches to 10% of revenue, effective immediately, to incentivize companies to prioritize data protection as a preventive measure. The heightened fines apply to companies that leak personal data of 10 million or more people through intent or gross negligence.
Why it matters: Companies operating in or serving South Korean markets face significantly higher financial exposure from breaches, making data protection compliance a critical budget and governance priority.
- Source published
- First seen by Cybersecurity Tracker
Source attribution
Correction
Correction recorded as of .
breaches incidents
Korea raises data breach fines to 10% of revenue
No summary had been written when this copy was frozen.
- First seen by Cybersecurity Tracker
Source attribution
Correction
Correction recorded as of .
breaches incidents
Korea raises data breach fines to 10% of revenue
South Korea's privacy regulator is increasing penalties for data breaches, with fines reaching 10% of revenue for companies that leak personal data on 10 million or more people through intent or gross negligence. The new enforcement standard, effective Friday, aims to incentivize data protection as a preventive priority rather than a routine business expense.
Why it matters: Companies operating in or handling South Korean customer data face substantially higher financial exposure and regulatory scrutiny, requiring immediate review of data governance practices and breach prevention controls.
- Source published
- First seen by Cybersecurity Tracker