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Coupang Stock Slides After E-Commerce Company Reveals Data Breach
Investors· 2025-12-01 17:49
Core Insights - Coupang, South Korea's leading e-commerce platform, experienced a significant stock decline following a major data breach affecting 33.7 million customer accounts [1][2][3] - The breach exposed personal information but did not include login credentials or credit card numbers, prompting an investigation by South Korean authorities [2][3] - Despite the recent pullback, Coupang's stock remains up 22% year-to-date, although it has faced challenges with profit expectations [6] Company Overview - Founded in 2010 and headquartered in Seattle, Coupang has heavily invested in same-day delivery and offers various services including payments technology, food delivery, and streaming [5] - Coupang acquired UK-based luxury goods marketplace Farfetch in January 2024, expanding its market presence [5] Stock Performance - Coupang's stock fell over 4% to 26.86, breaking below its 200-day moving average after a recent recovery [4] - The stock had previously reached a 52-week high of 34.08 in September, reflecting a more than 50% gain year-to-date [6] - The company reported stronger-than-expected revenue growth in Q3, but profits missed expectations, leading to a 6% drop in shares post-report [6] Ratings and Metrics - Coupang holds an IBD Composite Rating of 56 out of 99, indicating moderate strength compared to top growth stocks, which typically have ratings of 90 or better [7] - The stock's Relative Strength Rating has improved to 86, suggesting enhanced technical performance [9]
5 Things To Know: December 1, 2025
CNBC Television· 2025-12-01 11:59
Market Trends & Leadership Changes - President Trump indicates a decision has been made regarding the next Federal Reserve chair [1] - Disney's "Zootopia 2" earns $156 million domestically over the 5-day Thanksgiving weekend [1] - "Zootopia 2" grosses over $550 million globally since its Wednesday debut, marking the best debut ever for an animated film [2] Data Security & Valuation - South Korea experiences its worst data breach in over a decade at e-commerce giant Kong, impacting over 33 million customers [2] - Data analytics firm Databricks is in talks to raise $5 billion at a valuation of $134 billion [2] Mergers & Acquisitions - United Health Group is reportedly selling its last South American business to a Brazilian private equity group for $1 billion [3]
US banks scramble to assess data theft after hackers breach financial tech firm
Yahoo Finance· 2025-11-24 14:18
Core Insights - A cyberattack on SitusAMC, a financial technology company, resulted in the theft of corporate data related to its banking customers, including accounting records and legal agreements [1][2] - The incident, which occurred on November 12, is currently under investigation, but SitusAMC has stated that the situation is contained and its systems are operational [3] - The extent of the data breach and the number of affected U.S. banking consumers remain unclear, although SitusAMC processes billions of documents related to loans annually [5][6] Company Impact - SitusAMC provides technology solutions for over a thousand commercial and real estate financiers, playing a crucial role in helping clients comply with regulatory requirements [1][5] - Major financial institutions such as JPMorgan Chase, Citigroup, and Morgan Stanley have been notified of the breach, indicating the potential widespread impact on the financial sector [4] - The FBI is aware of the breach and is committed to identifying those responsible while ensuring the security of critical infrastructure [8]
Salesforce Disables Connections to Gainsight-Published Applications Amid Investigation of Data Breach
PYMNTS.com· 2025-11-22 00:58
Core Insights - Salesforce detected unusual activity involving applications published by Gainsight, which may have allowed unauthorized access to customer data [1][2] - The connection between Gainsight applications and Salesforce was disabled, preventing further access until further notice [3] - Gainsight is actively investigating the issue and is in close collaboration with Salesforce to monitor the situation [5][4] Company Actions - Salesforce disabled the connection to Gainsight applications on November 20, 2023, and will continue to provide updates to customers [3] - Gainsight confirmed that it is investigating the connection failures and will keep customers informed as new information arises [4][5] Industry Context - A report from Verizon indicated that 30% of data breaches in the year ending October 31, 2024, involved third parties, a significant increase from 15% the previous year [5] - Cybersecurity experts have predicted an increase in attacks on companies' third-party suppliers this year, highlighting a growing concern in the industry [7]
X @TechCrunch
TechCrunch· 2025-11-20 19:18
Salesforce says some of its customers’ data was accessed after Gainsight breach https://t.co/1uXgwJS9A9 ...
Salesforce says some of its customers' data was accessed after Gainsight breach
TechCrunch· 2025-11-20 19:12
Core Insights - Salesforce is investigating a data breach involving certain customers' data that was compromised through applications published by Gainsight [1] - The breach is linked to Gainsight's external connection to Salesforce, with no indication of a vulnerability in the Salesforce platform itself [1] - Gainsight is conducting its own investigation into the Salesforce connection issue but has not confirmed a breach [2] Group 1: Breach Details - The hacking group ShinyHunters claims responsibility for the breach and has threatened to create a website to advertise the stolen data if Salesforce does not negotiate [5] - The hackers assert that they have stolen data from nearly a thousand companies, including sensitive information [6] - This breach is similar to a previous incident involving Salesloft, where hackers accessed connected Salesforce instances to steal sensitive data [7] Group 2: Impact on Companies - Victims of the Salesloft breach included major companies such as Allianz Life, Cloudflare, Google, and Qantas, indicating the potential scale of the impact [7] - Gainsight confirmed it was among the victims of the earlier Salesloft-linked breaches, raising questions about the origins of the current breach [8]
PRIVACY ALERT: Doctor Alliance, LLC Under Investigation for Data Breach of 1.2 Million Records
Prnewswire· 2025-11-14 04:02
Core Insights - Schubert Jonckheer & Kolbe LLP is investigating a data breach involving unauthorized access to 1.2 million records from Doctor Alliance, a Texas-based healthcare technology firm [1][2] - The breach includes sensitive patient information such as names, dates of birth, addresses, phone numbers, email addresses, Medicare numbers, medical record numbers, diagnoses, treatment plans, medications, and provider information [2] - The cybercriminal claims to possess 353 gigabytes of data, which includes over 1.2 million files [2] Company Overview - Doctor Alliance provides billing services to various healthcare providers, including AccentCare and Intrepid [1] - The firm is currently facing potential legal actions due to the data breach, which may result in financial damages and changes to its cybersecurity practices [3][4] Legal Implications - Individuals whose personal information was compromised may be at risk of identity theft and could be entitled to monetary damages [3] - Schubert Jonckheer & Kolbe LLP is offering assistance to those affected by the breach, encouraging them to seek information about their legal rights [4]
PRIVACY ALERT: Activehours, Inc. Under Investigation for Data Breach of Records
Prnewswire· 2025-11-14 04:01
Core Points - Schubert Jonckheer & Kolbe LLP is investigating a data breach involving EarnIn, a California-based financial services company that provides earned wage access [1][2] - The breach has affected 21,178 Texas residents, with potentially compromised information including names, addresses, dates of birth, and Social Security numbers [1][2] - EarnIn has not disclosed the date or scope of the breach and began notifying affected individuals around November 12, 2025, which may be in violation of state and federal laws [2] Company Information - EarnIn operates in the financial services sector, specifically focusing on earned wage access, allowing users to access their earned wages before payday [1] - The company has faced scrutiny due to the data breach, which raises concerns about its cybersecurity practices and compliance with legal obligations [2][3] Legal Implications - Individuals affected by the breach may be at risk of identity theft and could be entitled to damages and changes in EarnIn's cybersecurity practices [3] - Schubert Jonckheer & Kolbe LLP represents shareholders and consumers in class actions, indicating potential legal actions against EarnIn [4]
DATA BREACH ALERT: Edelson Lechtzin LLP is Investigating Claims on Behalf of Hyundai AutoEver America Customers Whose Data May Have Been Compromised
Globenewswire· 2025-11-06 23:38
Core Points - Hyundai AutoEver America (HAEA) experienced a data breach that was discovered on or about March 1, 2025, affecting its information technology environment [3] - The unauthorized activity on HAEA's network occurred between February 22, 2025, and March 2, 2025, potentially exposing personal information such as names, Social Security numbers, and driver's license numbers [3] Company Overview - Hyundai AutoEver America is part of Hyundai Motor Group and provides full-cycle automotive IT consulting, management, and support services [2] Legal Investigation - Edelson Lechtzin LLP is investigating data privacy claims related to the HAEA incident and is considering a class action lawsuit for individuals whose sensitive personal data may have been compromised [1][4]
AppFolio Data Breach Exposes Personal Information: Murphy Law Firm Investigates Legal Claims
Globenewswire· 2025-10-08 23:23
Core Insights - AppFolio, Inc. experienced a data breach due to a security incident involving its vendor Salesloft, leading to unauthorized access to sensitive personal information of tens of thousands of individuals [2][4]. Group 1: Data Breach Details - The breach was identified around August 22, 2025, when AppFolio became aware of the security incident affecting Salesloft [2]. - Cybercriminals infiltrated the inadequately secured network of Salesloft, gaining access to AppFolio's files [2]. - The investigation revealed that sensitive personal information, including names and Social Security numbers, was accessed and/or acquired [3][5]. Group 2: Legal Actions - Murphy Law Firm is investigating claims on behalf of individuals whose information was compromised and is evaluating legal options, including a potential class action lawsuit [1][4]. - The firm specializes in data breach class actions and has a track record of securing favorable recoveries for clients affected by such incidents [4].