I wonder whether there are grounds for a shareholder lawsuit against Coca-Cola, the largest soft-drink maker in the world, for not informing its shareholders about a massive penetration of its IT systems back in early 2009 that may have scuppered its $2.4-billion bid for China Huiyuan Juice Group (1886). According to a story broken by Bloomberg News on Sunday, Coca-Cola’s computer systems were penetrated most likely on the 16 February 2009 by cybercriminals employing phishing emails targeting Coca-Cola executives. Once inside Coca-Cola’s network, the thieves were in an envious position, “from pilfering internal e-mails to gaining the ability to access almost any Microsoft (MSFT) Windows server, work station or laptop on the network with full remote control,” the Bloomberg story states. The article, which Bloomberg states is based on information from “three people familiar with the situation and an internal company document detailing the cyber intrusion,” says that for over a month the thieves were able to roam freely throughout Coca-Cola’s networks undetected. The thieves “uploaded a dozen tools allowing them to steal e-mails and documents, installed a keystroke logger on the machine of a top executive in Hong Kong, and stole computer account passwords for other Coca-Cola employees, including those with… Read full this story
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