4 ms·
Sorry but do you have an example of a company that got hacked and driven to bankruptcy by lawsuits? Most of what people see in open are companies that get hack
by ozim 3y ago
Sorry but do you have an example of a company that got hacked and driven to bankruptcy by lawsuits?
Most of what people see in open are companies that get hacked, share price dips for a month or two if it is software company, if it is non software company share price does not even dip.
Okta went down quite a lot since 2022 but still far away from bankrupt and latest "hack" did not move it that much really.
Where in my opinion (as a tech person) they should be out of business already even after slightest "hack".
Microsoft Azure latest hack did not really affect their stock...
- fzeroracer 3y agoCode Spaces, for one. Larger companies can survive a hack yes, but many smaller companies get buried. Not always due to lawsuits but due to critical infrastructure failures.
- jusssi 3y agohttps://en.m.wikipedia.org/wiki/Vastaamo_data_breach https://en.m.wikipedia.org/wiki/Vastaamo_data_breach Not sure if the actual cause of bankruptcy was lawsuits, action by authorities, or just loss of business caused by the publicity.
- ozim 3y agoCool story and nice part that GDPR being toothless is not true: *In April 2023, Helsinki District Court did sentence the ex-CEO of Vastaamo, Ville Tapio, to a three-month suspended sentence. It found him guilty of a data protection crime mandated in the General Data Protection Regulation (GDPR).*