Companies’ Stock Value Dropped 7.5% after Data Breaches
After analyzing the top three breaches from the past three years, Bitglass found that in the aftermath of a data breach, a decrease in stock price was a notable repercussion identifiable for publicly traded companies.
Research also showed that these breaches have cost an average of $347 million in legal fees, penalties and remediation costs. “Marriott uncovered the breach while seeking GDPR compliance; the company is now being fined $912 million under the regulation,” the report said.
Source: Companies’ Stock Value Dropped 7.5% after Data Breaches – Infosecurity Magazine
