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Comment: LY Corp data breach controversy a wake-up call for Japan-South Korea cross-border data management

By Jenny Lee, Sachiko Sakamaki and Toko Sekiguchi ( May 17, 2024, 09:55 GMT | Comment) -- The recent massive data breach at Japan's LY Corporation exposed more than half a million individuals' personal information due to a cyberattack on a contractor linked to its South Korean parent company, Naver. This incident has sparked controversy in both Japan and South Korea, highlighting the critical issue of data sovereignty as nations seek to protect data generated within their borders. As countries and companies increasingly store data abroad, navigating the complexities of cross-border data management is becoming a crucial challenge for businesses and regulators. The recent massive data breach at Japanese tech giant LY Corporation has ripped open a Pandora's box of cross-border data management nightmares....

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