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South Korea: KCC introduces ‘strong incentive’ for breach reporting

Posted on August 27, 2015 by Dissent

Oh, this is an intriguing approach. Alice Marini  reports:

The Korean Communications Commission (KCC) announced, on 21 August 2015, the implementation of a new penalty scheme, which allows companies, that have voluntarily reported a data breach to the KCC, to receive a reduction on the total administrative fine prescribed of up to the 30% (‘the New Reduction Scheme’). The New Reduction Scheme operates in addition to the KCC’s penalty regime, by helping companies to mitigate a fine for a data breach, when they proactively cooperate with the KCC during the investigations.

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