SKT HIT WITH $97M PENALTY FOR SECURITY LAPSES

Summary from the TLDR InfoSec newsletter

South Korea fined SK Telecom 134.8 billion won ($97.2 million) after a SIM data breach exposed the personal data of all customers due to poor security and delayed reporting. The breach affected 23 million users, causing significant financial losses and a decline in SKT's profit and customer base. Authorities ordered audits and improvements as SKT invests heavily in new security systems.