Following the news of Tapsi being hacked and the leakage of user information yesterday, the shares of this company went to the selling queue in the morning today.
According to IDEA, and citing Digito, in the early hours of trading on the stock exchange, after the news of a part of this platform’s information being stolen, Tapsi’s shares experienced selling pressure. At the time of reporting this news, the shares of this company are fluctuating between -3.5% to -5%. It is essential to note that due to the trading range restrictions on the Iranian stock exchange, a company’s shares cannot change more than 5% positive or negative in a regular trading day.
Yesterday, the CEO of Tapsi announced via a tweet that the platform had been hacked, and some of their information had been stolen. Now, on the first trading day after the release of this news, shareholders have reacted negatively, causing Tapsi’s shares to decline and even go into the selling queue for a few moments.
The selling pressure on Tapsi shares is decreasing. The shares of this company were facing selling pressure during the pre-market phase of the stock exchange. However, gradually, as the stock market trading hours began, the initial selling pressure decreased. Nevertheless, as of the time this news is being reported, Tapsi’s share price has experienced a decline of more than 3.5%.
It’s worth mentioning that the Tehran Stock Exchange is currently in a stable condition, and it seems that buyers are more active in the market compared to sellers.
It should be noted that Tapsi, through a disclosure on Codal, addressed the hacking news. However, more detailed information regarding the extent and type of data that was compromised has not been disclosed by Tapsi:
‘It is hereby informed that, due to unauthorized access to Tapsi’s information for extortion purposes, the company is pursuing the matter by filing a complaint with FATA (Cyber Police). It is evident that in the event of any significant occurrence, the matter will be disclosed in accordance with the provisions of Article 13 of the Executive Guidelines for the Disclosure of Information by registered companies to the Securities and Exchange Organization.’
If the compromised information has an impact on the company’s revenue and profitability, Tapsi is obligated to inform shareholders through a disclosure.
Internet taxi service ‘Uber,’ which faced a similar data breach of its drivers’ information last year, also experienced a negative market reaction and saw a 10% decrease in its share value.
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