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Major Data Breaches Over a Decade Create a Complete “Digital Profile” of Koreans, Experts Warn

Major Data Breaches Over a Decade Create a Complete “Digital Profile” of Koreans, Experts Warn

SEOUL, Dec. 9 (Korea Bizwire) — A series of massive data leaks over the past decade, culminating in a recent breach involving 33.7 million Coupang accounts, has created a landscape in which personal information circulates widely and can now be used to reconstruct an individual’s identity and daily habits with alarming precision. While each incident may [...]

Low Damages and Weak Incentives Keep Korean Firms Away From Cyber Insurance

Low Damages and Weak Incentives Keep Korean Firms Away From Cyber Insurance

SEOUL, Dec. 8 (Korea Bizwire) — A series of large-scale personal data breaches at telecommunications companies and at e-commerce giant Coupang has revived concerns that South Korean firms have little incentive to purchase cyber insurance, despite growing systemic cybersecurity risks across the economy. According to a report released Sunday by the Korea Insurance Research Institute, Kwangmin [...]

Data Breaches Surge in 2014 with 200 Million Data Records Stolen in Q1

Data Breaches Surge in 2014 with 200 Million Data Records Stolen in Q1

BALTIMORE, April 29, 2014 (Korea Bizwire) – SafeNet, Inc., a global leader in data protection solutions, today released the highlights from its SafeNet Breach Level Index (BLI) for the first quarter of 2014. Nearly 200 million records were stolen, the equivalent of approximately 93,000 records stolen every hour, between January and March, which was an increase [...]