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Boardroom scene of Coupang executives facing Q1 net loss and data breach fallout.
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Coupang swings to Q1 net loss amid data breach fallout

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U.S.-listed e-commerce giant Coupang swung to a net loss in the first quarter amid fallout from a massive customer data breach in South Korea. The company posted a $266 million deficit for January-March, compared with a $114 million profit a year earlier. Founder and Chairman Bom Kim said one-time vouchers and temporary inefficiencies from weaker demand were key factors.

The US House Homeland Security Committee is calling Instructure CEO Steve Daly to testify about cyberattacks on the Canvas education platform that exposed data from millions of students and teachers.

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In the latest escalation of tensions over South Korea's probe into Coupang's massive data breach, more than 80 ruling bloc lawmakers plan to send a joint letter protesting the US government's defense of the e-commerce giant, arguing it infringes on judicial sovereignty. The letter responds to recent US complaints, including demands for the safety of Coupang's chairman and a letter from over 50 Republican lawmakers.

The operator of Hong Kong's Ngong Ping 360 cable car attraction detected irregularities in its internal network on Thursday and alerted police and the Office of the Privacy Commissioner for Personal Data. An investigation confirmed that certain data had been stolen, with the company facing a ransom demand. The firm has apologised to guests, employees, and stakeholders for the incident.

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Adult entertainment website Frivol has disclosed a data leak that may impact around 479,000 users. The breach involved an open database containing user details. The revelation was reported on February 25, 2026.

A massive data breach in China has reportedly spilled 8.7 billion records after a gigantic database was left unlocked on the internet. The incident, detailed in recent reports, highlights vulnerabilities in data security practices. Authorities are yet to confirm the full extent of the exposure.

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New reports indicate that a Panera Bread data breach is more severe than initially thought, affecting over 5 million customers. Customer data has been leaked on the dark web.

 

 

 

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