Coupang CEO Endures Hours-Long Grilling For ‘Shocking’ Data Loss

• Coupang Inc.'s CEO faced intense questioning from Korean lawmakers regarding a significant data breach that exposed sensitive personal information of approximately 33.7 million users, marking one of the largest hacks in South Korea's history. The incident has raised serious concerns about the company's data security measures and accountability.
• This development is critical for Coupang as it not only jeopardizes user trust but also invites scrutiny from regulatory bodies, potentially leading to legal repercussions and financial penalties. The company's reputation as a leading online retailer is at stake, which could impact its market position and customer loyalty.
• The incident highlights ongoing challenges in data protection within the tech industry, particularly in South Korea, where digital security breaches have become increasingly common. This situation underscores the need for stricter regulations and improved security protocols to safeguard consumer data, reflecting a broader trend of heightened awareness and demand for accountability in data management.

— via World Pulse Now AI Editorial System