Coupang launches information security committee after data leak

E-commerce behemoth Coupang Corp. announced on Tuesday the establishment of an information security committee aimed at overhauling its security system and regaining public trust following a significant customer data leak. The decision comes in the wake of a record fine of 624.7 billion won ($460 million) imposed by the Korean government in June for the same incident.

Speaking to reporters, a Coupang representative pledged to enhance the company's security infrastructure by leveraging the knowledge and skills of specialists, with the ultimate goal of surpassing international benchmarks.

The Information Security Advisory Committee comprises seven distinguished individuals, each bringing a unique perspective to the table. These experts hail from the realms of information security, law, management, and information technology. Among them is Brett Matthes, the company's Chief Information Security Officer (CISO), Eumene Kang, a senior adviser at the law firm Kim & Chang, and Kim Hyun-kyung, a professor at Seoul National University of Science and Technology.

During their inaugural meeting on Tuesday, the committee members delved into pertinent issues such as recent legislative changes and the escalating security threats faced by businesses in today's digital landscape. Additionally, they explored potential countermeasures to safeguard the company's sensitive information.