European Commission confirms cyberattack after hackers claim data breach

The European Commission confirmed a cyberattack that led to hackers stealing large volumes of data from the Commission's cloud storage. The breach raises risks to sensitive EU policy and operational data, could prompt political and regulatory scrutiny and remediation costs for the Commission, but is unlikely to have an immediate market-wide financial impact.

Analysis

The European Commission confirmed a cyberattack that led to hackers stealing large volumes of data from the Commission's cloud storage. The breach raises risks to sensitive EU policy and operational data, could prompt political and regulatory scrutiny and remediation costs for the Commission, but is unlikely to have an immediate market-wide financial impact.