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S. Korea: Gov't to Toughen Punishment for Data Leaks
Source: english.yonhapnews.co.kr
Source Date: Thursday, July 31, 2014
Focus: Institution and HR Management
Country: Korea (Republic of)
Created: Aug 05, 2014

The government plans to toughen punishment for data breaches as part of efforts to better protect people's sensitive information, officials said Thursday.

The plan will require companies and other institutions that lose control of customers' private information to provide compensation of up to three times the value of any financial losses suffered, according to the Prime Minister's Office.

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