Massive Marriott Starwood Data Breach Pressures MAR Stock

Massive Marriott Starwood Data Breach Pressures MAR Stock

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This post was originally published on MSSP Alert on November 20th, 2018 by Joe Panettieri.

Marriott has disclosed a massive Starwood hotel data breach that may have impacted 500 million customers, according to the hotel giant. It may rank among the largest data breaches ever.

Marriott’s stock (NYSE: MAR) fell roughly five percent on the news, reinforcing the fact that security breaches and data theft have a direct impact on brand perception and business performance. The company has notified regulators of the breach. It’s too soon to say if or how Marriott will face fines related to GDPR and other compliance regulations.

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