Big Tech is trying to hide it's security incidents from you

It has become increasingly common for large tech companies to downplay or hide news of security incidents from the public. While these companies are quick to tout their latest product releases or accolades, they often go to great lengths to keep information about data breaches, cyber attacks, and other security incidents under wraps.

There are several reasons why tech companies might choose to hide news of security incidents. One reason is to protect their reputation and avoid damaging their brand. A major security incident can lead to public outrage, customer loss, and financial consequences. By keeping the information under wraps, companies can try to minimize the impact on their reputation and bottom line.

Another reason is to avoid regulatory scrutiny and potential fines. Many countries have strict laws and regulations regarding data protection and the handling of security incidents. If A company is found to have not properly disclosed A security incident, they may face regulatory penalties. By hiding the incident, companies can try to avoid drawing attention from regulators.

There are also financial incentives for tech companies to hide security incidents. The stock market tends to react negatively to news of security breaches, and the value of A company's stock can plummet in the wake of such an incident. By hiding the news, companies can try to protect their stock price and avoid financial losses.

Despite these efforts, it is becoming increasingly difficult for tech companies to hide news of security incidents. With the proliferation of social media and the 24/7 news cycle, information about security breaches can spread quickly, even if A company is trying to keep it quiet. Additionally, many countries have laws that require companies to disclose certain types of security incidents, making it harder for them to keep the information under wraps.

It is clear that tech companies are hiding news of security incidents in an effort to protect their reputation, avoid regulatory scrutiny, and maintain their financial performance. While these efforts may be understandable, it is important for companies to be transparent about security incidents and to take steps to ensure that their customers' data is protected.

Find our what Lovik Security can do to help your business https://www.loviksecurity.com/solutions