Re: Data leaks hit share prices hard

["B.K. DeLong" <bkdelong () pobox com>]

Has anyone gotten ahold of the report yet?

On 10/9/06, Dissent <Dissent () pogowasright org> wrote:
> Australian-based analyst Hydrasight has teamed up with Colorado-based
> researcher Enterprise Management Associates Inc. (EMA) to release a
> study on the current state of global enterprise information security.
>
> The report draws a comparison between the theft or breach of
> confidential information and computer-facilitated financial fraud and
> the impact it has on organizations in terms of share price. While the
> organizations studied were based in the U.S., the findings reflect a
> similar security environment in Australia.
>
> Scott Crawford, senior analyst with EMA, said within four weeks of
> public disclosure of details of an information breach, negative
> responses show up in the form of falling share prices. The impact can
> be disturbing, he added.
>
> "EMA recently followed the closing stock prices of six US companies
> which had disclosed an information security breach between February
> 2005 and June 2006.
>
> "Within a month of disclosure, the average price of these stocks fell
> by 5 percent, and remained in a range of 2.4 to 8.5 percent below
> that of the date of disclosure for another eight months," he said.
>
> "The stocks did not recover to pre-incident levels for nearly a year."
>
> [...]
>
>
> http://www.webwereld.nl/articles/43234/data-leaks-hit-share-prices-hard.html
>
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