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AI & Enterprise

Revised Personal Information Protection Act takes effect on Sept. 11, introduces punitive fines

South Korea\'s revised Personal Information Protection Act and an amended enforcement decree take effect from Sept. 11, following revisions made in March. The changes introduce punitive administrative fines of up to 10 percent of total revenue for repeated or intentional or grossly negligent personal data leaks, and mandatory fine reductions linked to preventive investments. They also strengthen CEO and CPO responsibilities, expand leak notification requirements and add a new notification regime for leak risks.

AI & Enterprise

HNIX spins off security unit to form HNSLAB

HNIX said on Tuesday it has spun off its information security business to establish HNSLAB, a dedicated security company. HNSLAB aims to position itself as an integrated security partner spanning consulting, solution implementation, operations and training. The company said more than 83 percent of its staff are technical specialists in solution development and implementation and security monitoring and operations. It also presented roadmaps for document security and an AI security agent targeted for commercialization in 2027.

AI & Enterprise

Security has no \'SaaSpocalypse\' as earnings surprises continue

A \"SaaSpocalypse\" scenario suggesting AI could erode or eliminate traditional software is still discussed in tech, but security appears relatively insulated. Many security companies are reporting results that beat expectations. Okta and CrowdStrike lifted annual outlooks after strong quarterly earnings, sending their shares higher in after-hours trading. In South Korea, a Ministry of Science and ICT project to develop a cyber security-focused AI foundation model is proceeding as a two-way race.