Equifax just became the first company to have its outlook downgraded for a cyber attack
Moody’s has just slashed its rating outlook on Equifax, the first time cybersecurity issues have been cited as the reason for a downgrade. Moody’s lowered Equifax’s outlook from stable to negative on Wednesday, as the credit monitoring company continues to suffer from the massive 2017 breach of consumer data. “We are treating this with more significance because it is the […]
The largest breaches over the past three years have caused massive and irreparable damage
Publicly traded companies suffering the worst data breaches averaged a 7.5 percent decrease in stock price, a Bitglass report reveals. Bitglass researched the three largest data breaches of publicly traded companies from each of the last three years in order to uncover cybersecurity trends and demonstrate the extensive damage that can be done by improper […]
Marriott Data Breach Is Traced to Chinese Hackers as U.S. Readies Crackdown on Beijing
WASHINGTON — The cyberattack on the Marriott hotel chain that collected personal details of roughly 500 million guests was part of a Chinese intelligence-gathering effort that also hacked health insurers and the security clearance files of millions more Americans, according to two people briefed on the investigation. The hackers, they said, are suspected of working […]