The Canadian Privacy Law Blog: Developments in privacy law and writings of a Canadian privacy lawyer, containing information related to the Personal Information Protection and Electronic Documents Act (aka PIPEDA) and other Canadian and international laws.

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The author of this blog, David T.S. Fraser, is a Canadian privacy lawyer who practices with the firm of McInnes Cooper. He is the author of the Physicians' Privacy Manual. He has a national and international practice advising corporations and individuals on matters related to Canadian privacy laws.

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The views expressed herein are solely the author's and should not be attributed to his employer or clients. Any postings on legal issues are provided as a public service, and do not constitute solicitation or provision of legal advice. The author makes no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained herein or linked to. Nothing herein should be used as a substitute for the advice of competent counsel.

This web site is presented for informational purposes only. These materials do not constitute legal advice and do not create a solicitor-client relationship between you and David T.S. Fraser. If you are seeking specific advice related to Canadian privacy law or PIPEDA, contact the author, David T.S. Fraser.

Monday, June 11, 2007

Choicepoint almost regains pre-breach value 

Though this article from Yahoo! Business is not about the privacy problems that plagued ChoicePoint and that made the company the poster boy for privacy breaches, I found it interesting to take a look at the chart of the company's stock value. In the last twelve months, the company's share value has slowly increased to barely recover the value lost by the high-profile breach. The total value lost between then and now is staggering.

See: Out of the Gate: ChoicePoint Jumps: Financial News - Yahoo! Finance.

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6/11/2007 06:56:00 PM  :: (1 comments)  ::  Backlinks
I think you're missing a point or two about their stock value. ChoicePoint had recovered all of the share price loss caused by the breach by the end of 2005.

Regular business issues kicked in to drive the stock lower in 2006, including the sale of some businesses and the failed sale of another.

Plus, look at where their revenue comes from - mostly home and auto insurance and that market has been taking a beating in the US over the past year or two.

It sounds good to claim companies that get hit by big security and privacy issues get tagged in the investment markets, but the facts just don't support the conclusion.
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