Want to know how much your life has been affected by cyber-attacks? Take a look at your stock portfolio. According to a study by Comparitech, security breaches can have a lasting impact on a company. After a data breach disclosure, most stocks saw an immediate drop in share price. David Ruiz writes in LegalTech News: “A data breach has more of a lingering effect than an immediate one, the study revealed. On the day a breach is announced, stock prices of the 24 companies fell, on average, about half of a percentage point. But that drop is within the standard deviation for daily volatility, the researchers said in the study, meaning that, such fluctuation is not unusual and can be seen on days without breaches, too.”
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ABOUT MIKE MERCURIO
Mr. Mercurio is a Principal and the Chair of the Firm’s Business Law and Transactions Practice Group. He serves as outside general counsel to clients on matters related to corporate and business law, commercial transactions, government contracting, health care, construction services, and real estate. As a strategic partner to firm clients, Mr. Mercurio regularly counsels entrepreneurial individuals and assorted entities on all aspects of business and commerce including formation and structure; ownership, management and control; financing and capital; expansion and acquisition; sale and transfer; and contraction and dissolution.
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