Psychotherapy Center Vastaamo has just declared bankruptcy. This is a direct result of them getting hacked.
It is actually very rare for companies to fold just because they get hacked, even if they get hacked really badly. Ashley Madison recovered. Global Payments recovered. Equifax recovered. Solarwinds looks like it's going to recover too.
In general, companies survive getting hacked. The CEOs, CIOs and CISOs might get fired but companies recover. Even their stock values seem to rebound eventually.
The only cases I can recall where companies went bankrupt because they were hacked are DigiNotar, DistributeIT, Cloud Nine ISP and now, Vastaamo.
I wrote this in 2011, about companies that went under after getting hacked: archive.f-secure.com/weblog/archive…
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