Alphabet Inc.’s shares closed up slightly from the day’s prior closing price, despite Google’s global security alert
The stock of Google’s parent company ended Friday’s trading session relatively unchanged, as investors digested news of a major data leak and broader market developments.
Alphabet Inc. (GOOG)’s shares closed at $213.53, up slightly from the day’s prior end price, despite Google‘s global security alert advising its 2.5 billion Gmail users to update their information following a data breach involving one of its Salesforce databases.
The company immediately issued a network-wide alert telling users to change their password immediately.
Despite all that, investors in Google had either not fully digested the news during Friday trade, or were watching see what fallout might continue over the weekend, before pricing in any hit to the company’s value.So what was affected in the breach?
Though consumer Gmail and Cloud accounts were not directly compromised, the incident has triggered an aggressive wave of phishing and impersonation attacks targeting users across the platform.
The leak, which exposed hundreds of thousands of sensitive documents and personal data, has underscored growing concerns about cybersecurity risks facing major tech firms.
