"South Korea's Personal Information Protection Commission (PIPC) announced last week that it has issued significant fines to several major luxury brands over a recent hacker attack that resulted in massive data breaches. The fines, totaling 36 billion Korean won ($25 million), were imposed on Louis Vuitton, Dior, and Tiffany, all owned by the Paris-based multinational luxury goods conglomerate LVMH. According to the Korean regulator, Louis Vuitton received a fine of roughly $15 million for cybersecurity failures"
"Dior was fined the equivalent of more than $8.4 million for exposing the information of 1.95 million individuals after an employee fell for a voice phishing attack. Tiffany has been ordered to pay $1.6 million for exposing the details of roughly 4,600 people after also falling victim to a voice phishing attack. The South Korean agency said the data breaches are related to a SaaS platform intrusion, but did not name the platform."
South Korea's Personal Information Protection Commission imposed fines totaling 36 billion won on Louis Vuitton, Dior, and Tiffany following a major hacker attack that caused widespread data breaches. Louis Vuitton was fined roughly $15 million after employee devices were infected with malware, compromising about 3.6 million individuals. Dior was fined over $8.4 million for exposing 1.95 million individuals after a voice phishing incident, while Tiffany faces $1.6 million for exposing roughly 4,600 people due to a similar attack. The breaches are linked to a SaaS platform intrusion in a campaign targeting Salesforce customers, where attackers used social engineering.
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