South Korea Fines LVMH Brands $25M Over Data Breach
🔒 South Korea's Personal Information Protection Commission fined Louis Vuitton, Christian Dior Couture, and Tiffany a combined $25 million after cloud-based customer management systems were compromised, exposing data for more than 5.5 million customers. Investigators found an employee device infected with malware at Louis Vuitton and successful phishing and voice-phishing attacks at Dior and Tiffany that granted attackers access to the SaaS platform. Regulators cited failures to enforce IP-based access controls, deploy strong authentication, restrict bulk downloads, and monitor access logs, and penalized late breach notification. The PIPC emphasized that using a SaaS provider does not relieve companies of responsibility for protecting client data.
