Shares of CJ ENM fell more than 3% during trading on June 4 due to the fallout from a data breach involving its subsidiary, TVING.
According to the Korea Exchange, as of 2 p.m. on June 4, CJ ENM's stock was trading at 39,500 won, down 1,250 won (3.07%) from the previous trading day. The stock opened at 39,850 won and has continued to decline, hovering around the 39,000 won mark.
The drop in share price is attributed to weakened investor sentiment following the data breach incident at the online video service (OTT) platform TVING.
On June 2, TVING confirmed that an unidentified hacker had gained unauthorized access to its database and leaked files. The breach reportedly exposed some personal information, including member IDs, names, birth dates, phone numbers, and email addresses.
TVING stated, "Upon detection, we immediately blocked the attack IP and modified cloud access controls. We have also enhanced database access monitoring and implemented additional security measures to prevent further damage."
Additionally, the company announced plans to establish a dedicated customer service center to assist affected users and urged them to be cautious of any suspicious calls, emails, or messages. TVING also recommended changing passwords for accounts that share the same credentials.
* This article has been translated by AI.
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