Online mall Interpark fined 4.5 bln won ($3.8 million) over data leak

Yonhap News reports:

South Korea’s telecommunications watchdog said Tuesday that it has decided to impose a fine of 4.5 billion won (US$3.8 million) on major online shopping mall Interpark Corp. for its failure to protect information of customers in a hacking attack blamed on North Korea.

The Korea Communications Commission made the decision at its headquarters near Seoul. The penalty is the largest amount ever imposed on a company in connection with poor management of customers’ personal information.

In May, hackers impersonated a brother of one of Interpark’s staff and sent emails to the employee’s personal email with malicious codes to penetrate the company’s network.

Read more on Yonhap News.

Now that’s a big fine for inadequate security. In fact, I’m wondering if it might be the biggest fine ever. Anyone know?

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