Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

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
 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
COVID-19: Latest Security News & Commentary
Dark Reading Staff 10/23/2020
Modern Day Insider Threat: Network Bugs That Are Stealing Your Data
David Pearson, Principal Threat Researcher,  10/21/2020
Are You One COVID-19 Test Away From a Cybersecurity Disaster?
Alan Brill, Senior Managing Director, Cyber Risk Practice, Kroll,  10/21/2020
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Special Report: Computing's New Normal
This special report examines how IT security organizations have adapted to the "new normal" of computing and what the long-term effects will be. Read it and get a unique set of perspectives on issues ranging from new threats & vulnerabilities as a result of remote working to how enterprise security strategy will be affected long term.
Flash Poll
How IT Security Organizations are Attacking the Cybersecurity Problem
How IT Security Organizations are Attacking the Cybersecurity Problem
The COVID-19 pandemic turned the world -- and enterprise computing -- on end. Here's a look at how cybersecurity teams are retrenching their defense strategies, rebuilding their teams, and selecting new technologies to stop the oncoming rise of online attacks.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-27743
PUBLISHED: 2020-10-26
libtac in pam_tacplus through 1.5.1 lacks a check for a failure of RAND_bytes()/RAND_pseudo_bytes(). This could lead to use of a non-random/predictable session_id.
CVE-2020-1915
PUBLISHED: 2020-10-26
An out-of-bounds read in the JavaScript Interpreter in Facebook Hermes prior to commit 8cb935cd3b2321c46aa6b7ed8454d95c75a7fca0 allows attackers to cause a denial of service attack or possible further memory corruption via crafted JavaScript. Note that this is only exploitable if the application usi...
CVE-2020-26878
PUBLISHED: 2020-10-26
Ruckus through 1.5.1.0.21 is affected by remote command injection. An authenticated user can submit a query to the API (/service/v1/createUser endpoint), injecting arbitrary commands that will be executed as root user via web.py.
CVE-2020-26879
PUBLISHED: 2020-10-26
Ruckus vRioT through 1.5.1.0.21 has an API backdoor that is hardcoded into validate_token.py. An unauthenticated attacker can interact with the service API by using a backdoor value as the Authorization header.
CVE-2020-15272
PUBLISHED: 2020-10-26
In the git-tag-annotation-action (open source GitHub Action) before version 1.0.1, an attacker can execute arbitrary (*) shell commands if they can control the value of [the `tag` input] or manage to alter the value of [the `GITHUB_REF` environment variable]. The problem has been patched in version ...