Cybersecurity breaches are becoming more common, threatening the stability and valuation of technology companies. Given the negative impact of these breaches on a company’s assets, it’s crucial to assess whether these assets exceed their recoverable amount. Legal fees, repair costs, damage to reputation, and loss of customer trust are among the potential costs. Equifax’s journey from a cyber attack to financial recovery is an example.
Fred Hutch notifies more patients of November 2023 attack
In December 2023, a cyberattack hit the Fred Hutchinson Cancer Center (Fred Hutch), resulting in the exfiltration of patient data and attempted extortion. Threat actors,
