Core Viewpoint - Coupang's CEO Park Dae-jun resigned following South Korea's largest data breach, which has led to significant regulatory scrutiny and public backlash against the company [1][2]. Group 1: Data Breach Impact - The data breach affected nearly two-thirds of South Korea's population, compromising shipping addresses and phone numbers [2]. - The breach occurred over a five-month period, during which Coupang's cybersecurity systems were bypassed [3]. - The company faces a potential fine of up to 1 trillion won (approximately $681 million) due to the incident [4]. Group 2: Leadership Changes - Harold Rogers, the chief administrative officer of Coupang's U.S.-based parent company, has been appointed as the interim CEO following Park's resignation [1]. - Park's departure introduces uncertainty in Coupang's leadership, especially after a recent restructuring that made him the sole CEO of its Korean operations [5]. - Coupang founder Bom Kim has been summoned to a parliamentary hearing, indicating ongoing scrutiny of the company's leadership and operations [5]. Group 3: Government and Legal Actions - A government investigation is underway, with police raiding Coupang's headquarters to gather evidence related to the breach [2]. - Park faced intense questioning from lawmakers regarding the breach, including allegations that a former employee, now in China, was involved [4].

Core Points - The CEO of Coupang, Park Dae-jun, has resigned following a significant data breach affecting nearly 34 million customers [1][2] - Park expressed deep regret for the incident and took responsibility for the breach and its recovery process [2] - Coupang has appointed Harold Rogers, the Chief Administrative Officer and General Counsel, as the interim CEO to address customer concerns and stabilize the organization [3] Company Response - Coupang acknowledged the data breach on November 18, which led to the CEO's resignation three weeks later [1] - The interim CEO, Harold Rogers, aims to alleviate customer anxiety stemming from the personal information leak [3] - The company is focused on stabilizing its operations in the wake of the incident [3]

Petco’s security lapse affected customers’ SSNs, drivers’ licenses and more https://t.co/Vfik0ZUauA ...

RT Jake Bleiberg (@JZBleiberg)ICYMI: @jpmorgan and @Citi are among the banks assessing whether they're affected by the hack of a tech vendor for real estate financiers.The vendor, SitusAMC, says hackers took client data including “accounting records and legal agreements.”https://t.co/4pFmRAT6Gb ...

The hack of a technology vendor for real estate financiers left major American banks and mortgage lenders working Sunday to assess whether they were affected by the data breach. https://t.co/xV27HFnyKI ...

Google says hackers stole data from 200 companies following Gainsight breach https://t.co/1a9HOMsdzG ...

Core Insights - DoorDash has confirmed a significant data breach affecting personal information of users, Dashers, and merchants, marking the first major breach of the holiday season [1][2] Company Summary - The breach involved the theft of names, phone numbers, physical addresses, and email addresses, but not Social Security numbers or credit card information [2] - DoorDash has not disclosed the number of affected users but stated there is no current indication of data misuse for fraud or identity theft [2] - The breach was caused by an employee falling victim to a social engineering scam, which can include various fraudulent tactics [2][3] - An external firm has been hired by DoorDash to assist in the investigation, and affected users have been notified as required [3] Industry Summary - Experts suggest that while the breach may seem low-level, it poses risks as stolen data can be combined with other information to create synthetic identities [4][5] - The holiday season is particularly vulnerable to scams, with Experian reporting that 31% of consumers fear identity theft during this period [11] - Key concerns for consumers include identity theft (68%) and stolen credit card data (61%), with significant sources of fraud being credit card use at retail stores (26%) and online shopping (22%) [11]

US and UK warn of major e-visa data breach in Somalia https://t.co/nBCGr5tTmM ...

Security experts have analyzed a database of 800 million compromised passwords — here’s what you need to know and do. https://t.co/SF6DOF5uFU ...

Hey, Melissa. Well, yes. Uh, lawmakers were informed that the Congressional Budget Office has had a security incident.Washington Post going a step further and reporting that they were hacked by foreign actors. The Congressional Budget Office did confirm confirm to CNBC in a statement uh that they have identified a security incident, have taken immediate action to contain it, and have implemented additional monitoring and new security controls to further protect the AY's systems going forward. They say the i ...