CEO of South Korean retail giant Coupang resigns after massive data breach


Park Dae-jun has resigned as chief executive of South Korean retail giant Coupang after a data breach exposed the personal information of more than half of the country’s population.

In a statement, Park apologized for the breach, citing a “deep sense of responsibility for the outbreak and the subsequent recovery process.”

Coupang has replaced Park with Harold Rogers, the top lawyer at Coupang’s U.S.-based parent company, according to a machine translation of the company statement.

The retail giant, often compared to Amazon for its dominance in South Korean e-commerce and logistics, last month revealed details of a data breach affecting close to 34 million people. The breach allegedly began in June but wasn’t noticed until November, when Coupang initially said over 4,500 customers had their data stolen. The company later revised that figure dramatically upward.

The Coupang hack is the latest in a string of security incidents affecting corporate giants and the central government across the country this year, including a data center fire that led to a massive, irretrievable loss of South Korean government data.



Source link

  • Related Posts

    As more Americans adopt AI tools, fewer say they can trust the results

    Americans are increasingly turning to artificial intelligence to help with things like research, writing, school or work projects, and analyzing data — but they’re not exactly happy about it. Even…

    50 years of Apple pushing tech forward, for better or worse

    Over the last 50 years, Apple reimagined personal computers, catalyzed the era of the smartphone, enlarged an iPhone and called it the iPad and garnered a strong position in wearable…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

    Oil-thirsty Asian nations seek Russian crude as Iran war strains supplies

    Man in critical condition after apartment shooting near Moss Park

    Man in critical condition after apartment shooting near Moss Park

    As more Americans adopt AI tools, fewer say they can trust the results

    As more Americans adopt AI tools, fewer say they can trust the results

    Tour Championship: Judd Trump beats Mark Allen in first round

    Tour Championship: Judd Trump beats Mark Allen in first round

    NASA prepares for Artemis II launch

    NASA prepares for Artemis II launch

    Clever WoW players exploited bugs and some poor little rats to try and kill a Midnight raid boss early, but Blizzard was one step ahead

    Clever WoW players exploited bugs and some poor little rats to try and kill a Midnight raid boss early, but Blizzard was one step ahead