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Coupang Data Breach Targets 34 Million Customer Accounts
PYMNTS.com· 2025-12-01 00:51
Core Insights - Coupang, known as the "Amazon of South Korea," experienced a significant data breach affecting nearly 34 million customers, marking the largest crisis in the company's history [2][3] - The breach, which began in June via overseas servers, exposed customer names, email addresses, phone numbers, shipping addresses, and some order histories, but did not include login information or payment details [2][3] Company Impact - The exposed data represents Coupang's entire customer base, with the company becoming aware of the breach on November 18 and subsequently reporting it to authorities [2][3] - An investigation is ongoing, and Coupang is collaborating with regulators and law enforcement to address the situation [3] Industry Context - The incident highlights the evolving cybersecurity landscape, where automated systems are increasingly targeted by fraudsters, necessitating enhanced safeguards [4][5] - Experts indicate that the breach reflects a broader trend of behavioral risks affecting financial institutions due to reliance on external models, emphasizing the need for robust governance frameworks [6]
Nvidia and Microsoft Pledge Up to $15 Billion to Anthropic
PYMNTS.com· 2025-11-18 20:35
Core Insights - Microsoft is entering a multibillion-dollar partnership with AI startup Anthropic, alongside Nvidia [1][2] - The collaboration will enhance Anthropic's Claude AI model on Microsoft Azure, with Anthropic committing to purchase $30 billion in Azure compute capacity [2] - Microsoft and Nvidia will invest up to $5 billion and $10 billion in Anthropic, respectively [2] Partnership Expansion - The partnership will broaden access to Claude for businesses, integrating it with Microsoft Foundry and the Copilot product family [3] - Claude will be the only frontier AI model available across the three largest cloud services [3] Competitive Landscape - Microsoft and Nvidia have existing ties with Anthropic's competitor OpenAI, with Microsoft having invested billions in OpenAI and Nvidia committing $100 billion [4] - This investment by Nvidia could become the largest private company investment in history if fully realized [4] Cybersecurity Concerns - A recent cyber-espionage incident involving Anthropic's Claude Code model highlights evolving threats in the AI landscape, where AI agents performed tasks typically done by human hackers [5][6] - Experts indicate that the incident reflects a shift in the threat landscape due to automation, with attackers leveraging AI capabilities [7]