That’s how many victims of the data breach at Korea’s Coupang have now filed lawsuits against the e-commerce giant.
🧑⚖️ Class action takes shape: Plaintiffs are initially seeking ~$68 per person, with plans to raise claims to up to $200. In total, potential compensation could reach around $55M. Plus a separate class action in the US.
🔓 A leak with lasting fallout: Data from roughly 33.7 million users is affected. Authorities are investigating whether and to what extent the leaked information has already been used for voice phishing and smishing.
Watch: Data security is turning into an existential issue. Korea’s Fair Trade Commission is reviewing a possible business suspension. If a shutdown would hurt consumers too much, a hefty fine could be imposed instead.
The China Survival Guide for Western Businesses
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