Internet providers in South Korea will have extra incentive to prevent data breaches after an amendment to its privacy laws by the Korea Communications Commission, JD Supra reports. An alteration to the Act on the Promotion of Information Communication Network Utilization and Information Protection now states any company suffering a major data breach will lead to financial penalties up to three times any damages suffered by customers. Other PICNUIA amendments include statutory fines of up to three percent of related revenue if companies do not receive consumer consent when sending customer personal data internationally. Those changes take effect Sept. 23. Another change starting March 2017 requires smartphone app providers obtain the consent of each user to access the personal data stored on his or her device.
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