South Korea Increases Data Breach Fines, Lowers Liability Threshold

James Lim reports:

Recent data breach amendments (Bill No. 10479) to South Korea’s framework data protection law increase available fines; lower the liability threshold that regulators must show to levy fines; allow compensation of individual plaintiffs without a showing of damages; and require notification of affected individuals within 24 hours of discovering a breach, a Korea Communications Commission (KCC) official told Bloomberg BNA May 12.

Read more on Bloomberg BNA.

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