South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach - DataBreaches.Net
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South Korean retail giant Coupang to compensate $1.1 billion to affected users over data breach - DataBreaches.Net
"South Korean online retail giant Coupang said it will offer 1.69 trillion South Korean won ($1.17 billion) in compensation to 34 million users affected by a massive data breach disclosed last month."
"The company said in a statement Monday local time that it planned to provide customers with purchase vouchers totaling 50,000 won for various Coupang services."
"Former customers who closed their Coupang accounts following the data breach are also eligible to receive the vouchers."
Coupang will offer 1.69 trillion South Korean won (about $1.17 billion) in compensation to 34 million users affected by a massive data breach disclosed last month. The company plans to provide purchase vouchers worth 50,000 won redeemable for various Coupang services to affected customers. Former customers who closed their Coupang accounts following the breach are also eligible to receive the vouchers. The company announced the compensation plan in a statement Monday local time to address the impact on users and provide immediate relief to those affected.
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