Korea Slaps Hefty Fine on SK Telecom for Years of Negligence
The Korea Communications Commission (KCC) has imposed a hefty fine of 9.66 billion won (approximately $8.1 million) on SK Telecom, the country's largest mobile operator, for its negligence in protecting customer data. The fine comes after a cyberattack in April that compromised the personal information of about 26 million South Korean citizens, or roughly half the population. The KCC found that SK Telecom had failed to implement adequate security measures to safeguard its customers' data, despite being aware of the need to do so for several years. The regulator also criticized SK Telecom for its slow response and lack of transparency in handling the data breach. The fine is one of the largest ever imposed by the KCC and underscores the seriousness with which the South Korean government views data protection and consumer privacy issues.
Source: For the complete article, please visit the original source link below.
