Data breach impact on stock price
WebApr 21, 2015 · We often talk about data breaches having a negative impact on a company’s revenue and business, but stock prices seem to tell a different story. For … WebSep 30, 2024 · Since the negative impact of data breaches on stock returns is well established (Acquisti, Friedman, and Telang 2006; ... (2009). Determinants of the stock price reaction to allegations of corporate misconduct: Earnings, risk, and firm size effects. Journal of Financial and Quantitative Analysis, 43(3), 581-612. Google Scholar.
Data breach impact on stock price
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WebJul 19, 2024 · A data breach can have a big impact on a company's stock price, and how quickly it recovers may be determined by how seriously the company takes IT security. The stock market performance of 113 … WebCases like the SolarWinds breach – which have a large impact on national security – receive a greater hit to the stock price because of how much confidential information was compromised. The vulnerability posed by the SolarWinds espionage campaign was harmful to corporate stock prices, which dropped from 17% to 20%, and took months to recover.
WebJul 12, 2024 · Comparitech isn't the first company to study the impact of data breaches on stock prices. Santa Clara, Calif.-based Centrify recently found that on the day a breach … WebThe majority of existing literature on the impact of data breaches on firms’ stock prices find that data breach announcements have a significant and negative impact on firms’ short -term stock prices, though the size of the impact varies among studies (Gatzlaff, 2010; Das, 2014; Cavusoglu, 2004; Goel, 2009).
WebApr 1, 2015 · However, even the most significant recent breaches had very little impact on the company’s stock price. Industry analysts have inferred that shareholders are numb to news of data breaches ... WebSep 13, 2024 · Trefis has quantified the impact of Capital One’s data breach on key operating metrics including its revenues, expenses as well as stock price in an …
WebOct 15, 2024 · Abstract and Figures. Data breaches are one biggest problem for the companies, costing an average of approximately four million dollars per breach (2024), which has shown an increased rate of 12% ...
WebApr 27, 2024 · A security researcher explores how data breaches, ransomware attacks, and other types of cybercrime influence stock prices. ... incidents do affect stock price, the … city business laWebAug 14, 2024 · Likewise, following the announcement of the Equifax breach back in early September of 2024, the company saw a similar negative … dick\u0027s sporting goods in boise idWebIn 2024, security firm Risk Based Security (RBS) found that while publicly disclosed data breaches did fall by 48%, the volume of records that … dick\u0027s sporting goods in bangor maineWebApr 1, 2015 · This mismatch between the stock price and the medium and long-term impact on companies’ profitability should be addressed through better data. Shareholders still don’t have good metrics, tools, and approaches to measure the impact of cyber attacks on businesses and translate that into a dollar value. In most cases, at the time a security ... dick\u0027s sporting goods in barboursville wvWebMay 16, 2024 · The following findings are based on a sample of 113 companies that experienced a material data breach. On the day a breach was disclosed, the share value index dropped an average of five percent ... city business inc los angelesWebMay 16, 2024 · The following findings are based on a sample of 113 companies that experienced a material data breach. On the day a breach was disclosed, the share … dick\u0027s sporting goods in bridgeport wvWebJul 11, 2024 · The 24 companies experienced a stock growth rate of 45.6 percent in the three years before reporting a data breach, the study said, but in the three years after a … dick\u0027s sporting goods in brandon fl