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Korea raises data breach fines to 10% of revenue

339 points · 115 comments · throw7

  1. _the_inflator · · focus · HN ↗
    And what about the governments like Berlin for example? Massive data breach, and guess what happens? Nothing to those who are responsible for the breach.

    So even though this is Korea, it is modern hypocrisy. Companies have to comply to more and more complicated regulation, while those who govern the states get a free pass.

    If the Berlin incident remotely had happened to any private company - hell would have been loose.

    Berlin reduced the IT budget especially regarding maintenance and security massively over the years. In fact, what came to light - CCC talk as a reference besides others - sounds so embarrassing, that all companies should get a bonus payment whenever they get hacked.

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