Bitglass reports publicly traded companies suffering worst data breaches averaged a 7.5 percent decrease in stock price
Announcement posted by PR Deadlines 16 May 2019
Top breaches from past three years caused by external cyber attacks using phishing, malware, technical vulnerabilities or other tactics
SYDNEY – May 16, 2019 – Bitglass, the Next-Gen CASB company, released findings today from its latest report: Kings of the Monster Breaches. Bitglass researched the three largest data breaches of publicly traded companies from each of the past three years in order to uncover cybersecurity trends and demonstrate the extensive damage that can be done by improper security.
Among the incidents detailed in the report are the Marriott breach of 2018, the Equifax breach of 2017 and the Yahoo! breach of 2016.
Kings of the Monster Breaches explores the causes, repercussions and company responses for each of these preeminent breaches. Additionally, it recaps three of the most significant cybersecurity incidents that affected government agencies and private companies over the last three years. The report’s findings highlight the similarities between leading breaches and suggest that organisations have not been learning from the mistakes of their peers.
Key findings:
To learn about the biggest data breaches of the past three years as well as their devastating repercussions, download the full report here:
https://pages.bitglass.com/CD-FY19Q2-Kings-of-the-Monster-Breaches_LP.html
About Bitglass
Bitglass, the Next-Gen CASB company, is based in Silicon Valley with offices worldwide. The company's cloud security solutions deliver zero-day, agentless, data and threat protection for any app, any device, anywhere. Bitglass is backed by Tier 1 investors and was founded in 2013 by a team of industry veterans with a proven track record of innovation and execution.
Contact
David Shephard,
Vice President Asia Pacific.
Bitglass
0477 725 051
dshephard@bitglass.com
Among the incidents detailed in the report are the Marriott breach of 2018, the Equifax breach of 2017 and the Yahoo! breach of 2016.
Kings of the Monster Breaches explores the causes, repercussions and company responses for each of these preeminent breaches. Additionally, it recaps three of the most significant cybersecurity incidents that affected government agencies and private companies over the last three years. The report’s findings highlight the similarities between leading breaches and suggest that organisations have not been learning from the mistakes of their peers.
Key findings:
- The mean number of individuals directly affected by each breach was 257 million.
- To date, these breaches have cost their companies an average of $347 million in legal fees, penalties, remediation costs and other expenses.
- The average post-breach market cap decrease was $742 million (this excludes the outlier Facebook breach which lost $43 billion in market cap).
- It took an average of 46 days for the companies’ stock prices to return to their pre-breach levels – Equifax’s stock price still has yet to recover.
To learn about the biggest data breaches of the past three years as well as their devastating repercussions, download the full report here:
https://pages.bitglass.com/CD-FY19Q2-Kings-of-the-Monster-Breaches_LP.html
About Bitglass
Bitglass, the Next-Gen CASB company, is based in Silicon Valley with offices worldwide. The company's cloud security solutions deliver zero-day, agentless, data and threat protection for any app, any device, anywhere. Bitglass is backed by Tier 1 investors and was founded in 2013 by a team of industry veterans with a proven track record of innovation and execution.
Contact
David Shephard,
Vice President Asia Pacific.
Bitglass
0477 725 051
dshephard@bitglass.com