Tag: fine
-
Cyber Fines & Fallout: SK Telecom Profit Plunges 90% After Massive Data Breach
South Korea’s largest mobile carrier, SK Telecom, has reported a dramatic decline in operating profit for the third quarter — nearly 90% lower than in 2024. The company attributed the plunge to costs stemming from a massive data breach, along with fines and infrastructure restoration expenses following the incident. According to the company’s report, profit…
-
EU Fines Google $3.5B for Abusing Its Ad Tech Monopoly
The European Commission has fined Google €2.95 billion (approximately $3.5 billion), accusing the company of abusing its dominant position in the digital advertising technology market. According to regulators, Google leveraged its influence to favor its own services at the expense of competitors. In addition, the Commission has ordered the company to cease its anti-competitive practices…