Coupang Offers $1 Billion Compensation for Data Breach Victims

Coupang is offering compensation worth more than $1 billion to all customers affected by South Korea’s biggest-ever data breach.The country’s biggest online retailer said on Monday it would soon start offering vouchers worth up to 50,000 won ($35) to each of its 33.7 million customers whose personal information was compromised by the breach. The vouchers will include 5,000 won applicable to all Coupang products, 5,000 won for Coupang’s food delivery service, 20,000 won for Coupang travel products, and 20,00 ...