Title: Exclusive: Hacked companies still not telling investors
Source: Yahoo News
The article is about a group of online networks (not related) that have been hacked by cyber criminals. This is a real problem because that means their sites have had a security breach and that means other people could also possibly hack into their corporations from their online sites. They do not want to report these cases though in the fear that while looking through their websites, investigators might find something to bring up against the companies themselves and therefore turn the case around on them.
I think that these companies should fix the security problem and press charges, because if they don’t they risk another hacker coming in and ruining more of their company. When hackers see that these companies do not take it to court or press charges, they will assume that they can also partake in hacking and benefiting from their company.
This could be considered international case, because these companies are on the internet, or the World Wide Web, making the affected companies accessible to not only the United States, but also to the entire world.
Exclusive: Hacked companies still not telling investors
By Joseph Menn – 6 hrs ago
SAN FRANCISCO (Reuters) - At least a half-dozen major U.S. companies whose computers have been infiltrated by cyber criminals or international spies have not admitted to the incidents despite new guidance from securities regulators urging such disclosures.
Top U.S. cybersecurity officials believe corporate hacking is widespread, and the Securities and Exchange Commission issued a lengthy "guidance" document on October 13 outlining how and when publicly traded companies should report hacking incidents and cybersecurity risk.
But with one full quarter having elapsed since the SEC request, some major companies that are known to have had significant digital security breaches have said nothing about the incidents in their...