An E-Commerce Stock Is Jumping Today After a Cyberattack Knocked It Down

Core Insights - Coupang's stock rose approximately 9% following an update on a recent cyberattack, which indicated that customer payment information was not compromised [1][2] - The cyberattack exposed personal data of around 33 million customers, but the company confirmed that only limited user data from 3,000 accounts was retained and subsequently deleted [3][4] - The hacker was identified as a former employee who confessed, and the only data taken were 2,609 building entrance codes, with no payment data or login information being collected [4][5] Investor Relevance - The market reacted positively to the news that the cyberattack's impact was less severe than initially feared, leading to a recovery in Coupang's stock price [2] - Following the breach announcement on December 1, the company's shares had fallen to their lowest levels since April, but have since increased by about 13% year-to-date [3]