Core Viewpoint - Coupang is facing a class action lawsuit from investors alleging violations of securities laws related to a data breach that exposed personal information of nearly 34 million customers [2][3]. Group 1: Lawsuit Details - The lawsuit was filed in California, claiming that Coupang misled investors about its data security practices and failed to disclose the breach in a timely manner [2]. - Allegations include that Coupang understated its vulnerability to cyberattacks and overstated its safeguards in U.S. regulatory filings [2]. Group 2: Data Breach Information - The data breach exposed personal information such as names, email addresses, phone numbers, shipping addresses, and some order histories, but did not include login information or payment details [3][4]. - Coupang reported that the unauthorized access began in June via overseas servers and that it became aware of the breach on November 18, disclosing it to authorities on November 29 [3]. Group 3: Company Response and Management Changes - Coupang indicated that a former employee may have obtained the data, and to the company's knowledge, this individual had not publicly disclosed the information [4]. - The former CEO of Coupang's Korean subsidiary resigned on December 10, and the company stated that its operations have not been materially disrupted [5].

Core Points - TikTok's Chinese owner, ByteDance, has signed a deal to sell its US arm to American investors, ensuring the platform's continued operation in the United States [1] - The deal is set to close on January 22, 2026, ending years of uncertainty regarding TikTok's future in the US [1] - The sale follows a law signed by President Joe Biden that mandated ByteDance to divest its US operations or face a ban [2][4] Company Structure - The deal involves the sale of just over 80% of TikTok's US assets to three major investors: Oracle, Silver Lake, and MGX, who will form a new venture called TikTok USDS Joint Venture LLC [5][6] - The new venture will be 50% owned by the consortium of US investors, with existing ByteDance investors holding 30.1% and ByteDance retaining 19.9% [6] - A new seven-member majority-American board of directors will be established, and the venture will implement terms to protect American data and national security [6] Data Management - User data from the US will be stored locally, addressing concerns regarding data privacy and security [7]

Core Insights - Coupang Corp's CEO, Park Dae-jun, resigned following a significant data breach that exposed personal information of approximately 33.7 million customers [1][7] - The company has pledged to enhance security measures and restore customer trust in the wake of the incident [3][9] Leadership Changes - Park Dae-jun had been with Coupang Corp since 2012 and became the sole CEO in May 2023 [2] - Harold Rogers, the chief administrative officer of Coupang Inc., has been appointed as the interim CEO for the Korean branch following Park's resignation [4][8] Company Response - Coupang Corp issued an apology for the data breach and expressed deep regret for the anxiety caused to customers [3] - The company is focusing on resolving the data breach issue and restoring stability under the new interim CEO [6][9] Government Investigation - The South Korean government, led by Prime Minister Kim Min-seok, announced an investigation into possible legal violations by the company [5]

Petco has reported that a setting within one of its software applications made customers’ personal information accessible online.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The retailer filed data breach report ...

Core Viewpoint - Coupang's CEO Park Dae-jun resigned following a significant data breach affecting nearly 34 million users, indicating a serious crisis for the e-commerce giant [1][2]. Company Response - Park Dae-jun expressed deep apologies for the data breach and took full responsibility for the incident and the company's response [2]. - Coupang's U.S.-based parent company appointed Harold Rogers as interim CEO to manage the fallout and restore customer trust [2][3]. - The company vowed to strengthen information security measures to prevent future incidents and restore customer confidence [4]. Data Breach Details - The data breach exposed personal information from 33.7 million customer accounts, significantly higher than the initially reported 4,500 accounts [4]. - The breach affected nearly two-thirds of South Korea's population, with the scale suggesting that almost the entire user base may have been compromised [4][5]. - Compromised information included names, phone numbers, email addresses, and delivery addresses, but payment details and login credentials were reportedly not affected [5]. Legal and Investigative Actions - The presidential office has demanded Coupang provide answers regarding compensation for affected consumers [6]. - Police conducted raids at Coupang's Seoul headquarters as part of a comprehensive investigation into the data breach [6]. - Coupang is facing a class-action lawsuit in the United States related to the data leak, which reportedly began on June 24 [7].

Core Insights - Salepoint has achieved a significant milestone by crossing the 1 billion mark for annual recurring revenue, indicating strong customer demand for its services [1][8] - The company is positioned to address the challenges organizations face in protecting data access, particularly with the rise of AI tools and nonhuman forms of identity [2][12] Company Overview - Salepoint primarily serves mid to large enterprises, typically those with around 3,000 to 5,000 employees and above, with a strong presence in the Fortune 500 and Global 2000 [9][10] - The company operates across various industries, focusing on helping organizations leverage new AI capabilities while ensuring data protection [12] Market Dynamics - There is a growing tension among companies regarding the deployment of AI agents, as they can inadvertently expose sensitive data, leading to potential risks [2][7] - Organizations are increasingly cautious about the rapid deployment of these new agents due to the associated risks of data exposure and potential malicious access [7][12] Customer Concerns - A common scenario involves employees inadvertently accessing sensitive information, highlighting the need for robust data protection measures [6][12] - Companies are particularly concerned about protecting financial data, healthcare information, and intellectual property from both inadvertent exposure and intentional breaches [12]

Key insight: The complaint alleges Fiserv secured its internal corporate data with biometric controls but forced clients to use weaker, email-based passcodes.What's at stake: Self-Help is seeking a court order to void millions in "early termination" fees, arguing they shouldn't pay to leave a system that violates security standards.Expert quote: "Fiserv sold and operated systems that were so insecure that no regulated financial institution should have been asked to run its confidential data through them," a ...

Police raided the headquarters of e-commerce giant Coupang Inc. on Tuesday over a massive breach of personal information, officials said. Photo by Yonhap Police raided the headquarters of e-commerce giant Coupang Inc. on Tuesday over a massive breach of personal information that affected some 34 million people of the nation's 52 million population, officials said. The search and seizure took place after Coupang disclosed late last month that personal information of 33.7 million customers had been compromise ...

Core Insights - Petco confirmed a data breach involving customers' personal information, including names, Social Security numbers, driver's license numbers, financial information, and dates of birth [1][3] Group 1: Data Breach Details - The data breach affected customers' personal information, including sensitive data such as Social Security numbers and financial information [1] - Petco filed legally required notices in California, Massachusetts, and Montana, indicating that at least one resident in Massachusetts and three in Montana were affected, while the number in California remains undisclosed [2] - The company served over 24 million customers in 2022, suggesting a potentially large number of affected individuals [3] Group 2: Company Response - Petco stated that the breach was due to a setting in one of its software applications that allowed certain files to be accessible online, which has since been corrected [3] - The company has implemented additional unspecified security measures following the incident [3] - Petco is offering free credit and identity theft monitoring services to the victims of the breach [6]

If you've got a cell phone that you don't use, it can have a second life and you can help out a good cause. Here are a bunch of ways you can recycle or reuse your old cell phone. This is all things mobile.Before we get to step one, we've got to talk about step zero. If you're partying with your phone and you don't want other people getting access to your stuff, you should wipe your old phone. The most complete way to do this is to factory reset your device.Well, now we're on step negative one. Back up whate ...