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The consumer product disaster affected many families in South Korea, where children and pregnant women often battle dry winter seasons with humidifiers.

Other retailers such as Lotte Mart and Homeplus were also found guilty of selling the deadly product.

In return, the two businessmen arranged sex parties, cash and lavish gifts.“In spite of its expertise and resources, when it came to the basic principles of cyber-security, Talk Talk was found wanting,” Denham said.“Today’s record fine acts as a warning to others that cyber security is not an IT issue, it is a boardroom issue. They must do this not only because they have a duty under law, but because they have a duty to their customers,” she added.The cyber attack in October last year exposed the latest security failure for the company, which was forced to admit it had not encrypted some personal details of customers.Elizabeth Denham, the Information Commissioner, said: “Talk Talk’s failure to implement the most basic cyber security measures allowed hackers to penetrate Talk Talk’s systems with ease.“ “Yes, hacking is wrong, but that is not an excuse for companies to abdicate their security obligations.” “Talk Talk should and could have done more to safeguard its customer information. Talk Talk also avoided “two warnings” prior to the hack which should have alerted the firm to the problems with its software and data storage.A French court cut the damages owed by rogue trader Jerome Kerviel from €4.9bn (£4.2bn) to just €1m (£860,000).

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