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SLIDES: Cyber Risk In A New Era: Recent Cyber Events And Impact On Company Financials

We analyzed cyberattacks (data breaches) from 2007 to 2019 for 32 rated companies for a total of 41events—as reported on Google News. We found that the data breaches didn’t have a lasting effect on revenue and EBITDA. However, they may weaken equity prices and widen credit default swap spreads in the short term.


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