River Financial Says Threat Actor Deleted Data After Ransomware Attack
RVRF has more than doubled off its 52-week low of $17 on light trading volume (0.2× avg).
Summary
River Financial disclosed that the threat actor behind the June ransomware attack claims to have deleted the accessed data. The company is still assessing whether personally identifiable information was affected and says the full impact is not yet determined. This follows a series of 8-K filings detailing the attack, data removal, and multiple class action lawsuits. The uncertainty around data exposure and ongoing legal risk keeps this a live issue for the stock.
At the time of this announcement, RVRF was trading at $46.00 on OTC in the Finance sector, with a market capitalization of approximately $359.4M. The 52-week trading range was $17.00 to $52.25. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.