Cybersecurity

UniCredit – Italy

UniCredit recently discovered an exposed database containing the personal information for millions of the company’s customers. Shockingly enough, the database had been accessible since 2015. The breach sent their share price down by 4%. The bank is spending a significant amount of money to update its IT infrastructure to prevent such an event in the future, but that is unlikely to alleviate the reputational damage and regulatory repercussions heading their way.
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