Frontier Communications shares are trading lower after the company said its parent experienced an operational disruption due to unauthorized access by a cybercrime group.
Portfolio Pulse from Benzinga Newsdesk
Frontier Communications' parent company faced an operational disruption due to a cybercrime group's unauthorized access, leading to a decline in FYBR shares.
April 19, 2024 | 6:11 pm
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NEGATIVE IMPACT
Frontier Communications' parent company experienced an operational disruption due to unauthorized access by a cybercrime group, negatively impacting FYBR shares.
The operational disruption caused by unauthorized access by a cybercrime group directly impacts Frontier Communications' operational capabilities, leading to a loss of investor confidence and a negative short-term impact on FYBR shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100