Introduction I wanted to talk a little bit about the British Airways breach; I won’t be focusing on the intention to fine from the ICO. I’ll just be talking a little about vulnerabilities, how they can be addressed, and the issues mitigations may bright. I’ll also be talking about a security incident that hit the ICO and how it was potentially very similar to what happened to British Airways.
Summary In 2017 Equifax were breached, the breach was discovered on July 29 and an announcement was published on Sept 7. It wasn’t the largest breach of all time, and not even of 2017, but it was big and the data was sensitive. Over the two weeks following the announcement, Equifax stock fell from 142.72 to 92.98 (34.58%)
Summary The period of dealing with a security breach is one of tension. If a company is not adequately prepared for the efficient handling of an incident then a time of tension becomes one of crisis.
When talking to companies about the effects of hacking and data breaches I often talk to companies about the effect on stock prices and the potential for brand damage – but, does a security breach really cause a noticeable effect on share prices? Incidentally I was recently working on a script to pull historical stock data for companies at specific dates. So I figured I’d test drive the new script and pull some historic data for companies immediately following a breach, to show the ultra-short term affect on their share price. So I offer my raw data here without analysis and …