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clock Created with Sketch. 23/03/23
12:25
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Originally posted by MikesLM:
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I feel the market's subdued response is too positive on this - given the ramifications for LFS and the costs and penalties likely to be incurred (if it exceeds insurance claims limits), the cost of investing in more robust permanent cybersecurity solutions going forward, and the reputation risks. Not to mention the business that is being lost from people leaving or the business currently not being fully operational, with no new customers or merchants being onboarded (assuming there are any potential customers wanting to be onboarded whilst the hacker is still live in the system!), and customers not being able to be serviced as the systems are offline,
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"I feel the market's subdued response is too positive on this - " - really agree on this.. While I did not think the stock price would get smashed. I was exepecting it to sit in the 95 - $1 range. Held up way better than I expected.
