South Korea online retailer Coupang faces US securities class action over massive data breach
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South Korean e-commerce company Coupang is facing a U.S. securities class action lawsuit after a data breach exposed personal information of over 33 million customers. The lawsuit alleges that Coupang misled investors about its data security practices and failed to disclose the breach in a timely manner. The breach, discovered on November 18, involved unauthorized access by a former employee. Coupang's CEO and CFO are named in the lawsuit, which seeks damages for investors who purchased securities between August 6 and December 16.
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