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Korea raises data breach fines to 10% of revenue

339 points · 115 comments · throw7

  1. augment_me · · focus · HN ↗
    You can just do what my university did, hire a small shell firm with 3 employees to hold all your data, and when it got hacked they just went bankrupt and we switched to a new shell firm with similar form and function.

    Minimizes money usage and does not require any security investments

    1. Barrin92 · · focus · HN ↗
      >You can just do what my university did, hire a small shell firm with 3 employees to hold all your data

      except you can't in South Korea because PIPA (their data privacy/compliance framework) is as strict if not stricter than GDPR and comes with criminal liability in case you violate consent rules, so you can't just send other people's data to some third party shell company either

      why do people always make these completely generic comments as if they've just on the toilet figured out the one simple trick every data framework covered over a decade ago

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