Coupang Hit with Record Fine: A Former Employee's Leak Cost 627.6 Billion KRW

Last Thursday night, a power simulation bench I was running hadn't converged by 2 AM. I was browsing Bloomberg to kill time when I saw that Coupang was fined 624.6 billion KRW (about $409 million) by South Korea's Personal Information Protection Commission. The number is huge, but what caught my attention more were the details: over 33 million customer records leaked, and former employees had known about authentication system vulnerabilities long ago. They even attempted illegal access last January, yet nothing actually happened until the end of the year.