Despite increased cyber security measures, data breaches are on the rise, leading to a growth in data-breach related securities class action filings. These breaches have significant financial repercussions, causing stock prices to fall, and can take months, if not longer to recover. In 2024 alone, $560 million in settlements took place, including the top three largest ever. The SEC has introduced new rules to ensure public companies disclose any cyber security incidents within four days.
UK retailer Co-Op says systems now running normally after cyber incident – CNA
UK retailer Co-Op has announced that its systems are functioning normally following a recent cyber incident. The company experienced disruptions but has resolved the issues
