Cathay Pacific Shares Continue Falling on Data Breach

Cathay Pacific Shares Continue Falling on Data Breach

Oct 26, 2018

Shares of Hong Kong airline Cathay Pacific Airways Limited (HK:0293) Airways fell 2.15% to HK$10 on Friday morning after a slide of almost 7% to a nine-year low in the previous session.

The plummet came after the company’s report Wednesday on a major passenger data leak.

Data from about 9.4 million passengers in Cathay and its subsidiary, Hong Kong Dragon Airlines, was accessed. This information included names, nationalities, date of birth, phone numbers, email, addresses, passport numbers, ID card numbers and historical travel information. On top of that, 27 credit card numbers with no card verification value (CVV) were also accessed.

The company said that it discovered suspicious activity on its network back in March and confirmed unauthorized access to personal data in May. It took the company nearly five months to notify the public.

The incident follows a data leak at Virgin American Airlines.

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