82,000 Affected In Paramount's Data Breach - What's Really at Stake?

Paramount Global  PARA and CBS, part of the media conglomerate National Amusements, acknowledged a data breach that compromised the personal data of 82,128 individuals in December 2022. 

Discovered in August 2023 but disclosed only recently, the breach affected various sensitive financial details such as banking and credit card information, security codes, and passwords, TechCrunch reports. The breach notification to Maine's attorney general highlighted the seriousness of the incident, yet specific details about the stolen information remained undisclosed.

The notification letter, submitted by the company's human resources chief, indicated potential implications for employee data. 

However, the disclosure did not offer clear insights into how the breach might have affected customers or users of the company's services.

Also Read: Warner Bros. Discovery and Paramount Gain Analyst Support as Merger Talks Intensify

National Amusements, a prominent entity in the entertainment industry, owns and operates over 1,500 cinemas across the United States. Renowned for its substantial stake in Paramount and CBS following the Viacom-CBS merger in 2019, the conglomerate faced a separate security incident involving Paramount in August. 

According to reports filed with authorities, this incident compromised customer names, birth dates, Social Security numbers, or government-issued ID numbers.

Despite these disclosures, the nature of the cyberattack, potential ransom demands, or any payments to hackers remain undisclosed. 

Price Action: PARA shares are up 0.27% at $15.04 on the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.