Hackers abuse modified Salesforce app to steal data, extort companies, Google says
1. Hackers exploit a Salesforce-related app to steal corporate data. 2. This poses a security risk to CRM users and their cloud services.
FAQ
Why Bearish?
The security breach involving Salesforce-related apps can diminish user trust. Historical breaches have led to stock price declines, e.g., Equifax and Capital One.
How important is it?
The incident highlights potential vulnerabilities in Salesforce applications, affecting investor perspective on CRM's security and reliability. Companies may reconsider using Salesforce due to security risks, impacting sales.
Why Short Term?
Immediate reactions to security breaches generally affect stock prices quickly, as seen with recent high-profile data thefts. Companies often experience negative sentiment and market impact in the short term.