Coupang Offers $1.17B in Vouchers for Data Breach Victims

South Koreas Coupang Offers Massive Compensation for Data Breach VictimsSouth Koreas leading online shopping platform, Coupang, has announced a substantial compensation package for customers affected by last months significant data breach. The company will distribute 1.69 trillion South Korean won, approximately 1.17 billion dollars, to 34 million impacted users. Each eligible customer will receive vouchers worth 50,000 won for use across Coupangs services.The data breach exposed sensitive user data, causing widespread concern. Coupang has stated that even former customers who closed their accounts after the incident are eligible for the vouchers, demonstrating their commitment to making amends for everyone affected.Interim CEO Harold Rogers described the move as a responsible step to protect customers and issued a deep apology, acknowledging the trust that has been compromised. Users can begin checking their eligibility for the vouchers on January 15th through Coupangs platform.As investigations into the breach continue, this payout represents a significant step forward, with more updates expected soon.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.