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Korea raises data breach fines to 10% of revenue

339 points · 115 comments · throw7

  1. jmclnx · · focus · HN ↗
    Sounds great if all the following is true.

    * Before Tax Revenue

    * If the company is owned by another company, the revenue is the total of all companies owned by the highest level parent.

    * Includes Worldwide Revenue

    * Includes companies based in all other Countries.

    I would have went for 20%, but if he above applies I wish the US would do the same.

    1. someguynamedq · · focus · HN ↗
      Why is mishandling data tax deductible?
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