South Korea's consumer agency to order SK Telecom to compensate 58 hacking victims
Summary
South Korea's consumer agency announced on Sunday it will order SK Telecom to compensate 58 users who filed a class action lawsuit following a recent hacking incident. The agency decided in a Thursday meeting to mandate SK Telecom pay each applicant 100,000 won (approximately $67) in combined cash points and mobile phone bill discounts. This decision follows a 134 billion won fine levied against SK Telecom in August after a cybersecurity breach exposed the data of over 20 million users. The agency is also requesting SK Telecom to compensate all victims, which would total nearly 2.3 trillion won. SK Telecom has 15 days to respond to the order upon notification.
(Source:Reuters)