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The Korea Herald
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THE INVESTOR
March 29, 2024

Mobile & Internet

Interpark shares fall after W4.5b fine for data breach

  • PUBLISHED :December 07, 2016 - 17:04
  • UPDATED :December 07, 2016 - 17:04
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[THE INVESTOR] Online commerce firm Interpark saw its share price decrease 2.97 percent to 8,830 won (US$7.56) on Dec. 7 after it was slapped with a 4.5-billion-won fine the previous day for mishandling its subscribers’ personal data.

The Korea Communications Commission, the state-run internet watchdog, levied the fine on the firm to hold it responsible for lacking appropriate measures to prevent a hacking attack in May in which data of more than 10.3 million subscribers was stolen.

The amount of the fine is a record high for a company mishandling user data.

“It is not still clear that the hacking incident took place because of the lack of protection measures for personal data, and sensitive information, such as financial data and residential numbers, were not leaked,” said an official from the company, hinting that the firm could challenge it in court.

By Kim Young-won (wone0102@heraldcorp.com)

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