Attacks/Breaches

9/6/2018
04:00 PM
50%
50%

Report: Data Breaches Hit Share Prices, Too

A data breach has a measurable impact on stock price, according to a report looking at incidents from the past six years

When a data breach occurs it's not just confidential information that's attacked: According to a new report, stock prices take a hit, too.

Comparitech analyzed 28 breaches suffered by 24 companies with shares listed on the New York Stock Exchange. While they found wide variations in share performance in the weeks and months following a breach, on average companies that suffered a breach under-performed the NASDAQ by -3.7% after one year.

According to the report, the most significant impact from a breach was felt 14 days after the event. After a month, share prices tended to catch up with the NASDAQ.

Comparitech found that the affected company's industry and the nature of the breach each had an impact on the stock price, with finance and payment companies hit hardest and breaches featuring credit card and Social Security number having the greatest impact.

For more, read here.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Understanding Evil Twin AP Attacks and How to Prevent Them
Ryan Orsi, Director of Product Management for Wi-Fi at WatchGuard Technologies,  11/14/2018
Veterans Find New Roles in Enterprise Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/12/2018
To Click or Not to Click: The Answer Is Easy
Kowsik Guruswamy, Chief Technology Officer at Menlo Security,  11/14/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Online Malware and Threats: A Profile of Today's Security Posture
Online Malware and Threats: A Profile of Today's Security Posture
This report offers insight on how security professionals plan to invest in cybersecurity, and how they are prioritizing their resources. Find out what your peers have planned today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-19301
PUBLISHED: 2018-11-15
tp4a TELEPORT 3.1.0 allows XSS via the login page because a crafted username is mishandled when an administrator later views the system log.
CVE-2018-5407
PUBLISHED: 2018-11-15
Simultaneous Multi-threading (SMT) in processors can enable local users to exploit software vulnerable to timing attacks via a side-channel timing attack on 'port contention'.
CVE-2018-14934
PUBLISHED: 2018-11-15
The Bluetooth subsystem on Polycom Trio devices with software before 5.5.4 has Incorrect Access Control. An attacker can connect without authentication and subsequently record audio from the device microphone.
CVE-2018-14935
PUBLISHED: 2018-11-15
The Web administration console on Polycom Trio devices with software before 5.5.4 has XSS.
CVE-2018-16619
PUBLISHED: 2018-11-15
Sonatype Nexus Repository Manager before 3.14 allows XSS.