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Data leaks hit share prices hard
From: Dissent <Dissent () pogowasright org>
Date: Mon, 09 Oct 2006 11:26:11 -0400
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 _______________________________________________ Dataloss Mailing List (dataloss () attrition org) http://attrition.org/dataloss Tracking more than 136 million compromised records in 403 incidents over 6 years.
Current thread:
- Data leaks hit share prices hard Dissent (Oct 09)
- Re: Data leaks hit share prices hard Adam Shostack (Oct 09)
- Re: Data leaks hit share prices hard B.K. DeLong (Oct 09)
- Re: Data leaks hit share prices hard Allan Friedman (Oct 09)
- Re: Data leaks hit share prices hard Chris Walsh (Oct 09)
- Re: Data leaks hit share prices hard Dennis Opacki (Oct 09)
- Re: Data leaks hit share prices hard Chris Walsh (Oct 09)
- Re: Data leaks hit share prices hard Dennis Opacki (Oct 09)
- Re: Data leaks hit share prices hard Allan Friedman (Oct 09)
- Dataloss discussion, debate and chatter security curmudgeon (Oct 09)
- Re: Data leaks hit share prices hard Adam Shostack (Oct 09)
- Re: Data leaks hit share prices hard B.K. DeLong (Oct 09)
- Re: Data leaks hit share prices hard Adam Shostack (Oct 09)