In recent years, South Korea has become synonymous with some of the strictest data protection laws and regulatory requirements in the region. The laws are regulated by the Korea Communications Commission (KCC), the Ministry of the Interior and Safety (MOIS), and other sector-specific supervisory authorities. Recent amendments to these three laws have resulted in stricter penalties, as well as criminal prosecution for data security breaches. Privacy Officer found guilty of criminal negligence for failing to…
Nearly every company in the world is struggling to effectively manage the broad range of legal and operational risks associated with data. Data is everywhere, and everyone is working to maximize its organizational value, while avoiding wrongful disclosures, theft of informational assets, and the losses related to the costly legal fallout. This is the result, in large part, of new legislation, heightened regulatory scrutiny and marketplace expectations, and increased dependence on service providers for core…