Coupang fined a record $409 million over massive data breach affecting 33 million users

South Korean regulators imposed a record $409 million fine on Coupang after a former employee improperly accessed personal information from nearly 34 million accounts. This massive data breach, affecting 33 million users, underscores a growing regulatory focus on data protection. The penalty emphasizes the urgent need for companies to implement robust internal security measures to prevent unauthorized access. This action represents a significant regulatory crackdown on data security failures within the company's internal systems.