Shares plummet after credit card information is stolen.
It’s a down start to the day for stock markets in general, but domain name and hosting company Web.com (NASDAQ: WWWW) is having a particularly bad day.
Shares are trading down about $3.00 to $20.81 at the time of writing. That’s about a 12% drop.
The move appears to be in response to the company’s announcement yesterday of a data breach. The company says credit card details on up to 93,000 cards might have been stolen last week.
There’s no word yet on if these were from Web.com, its registrars Network Solutions and Register.com, or another Web.com company. According to Web.com FAQs on the matter, Register.com and Network Solutions were not affected. Also, if your information was potentially stolen, you should have already received an email.
Web.com is offering free credit monitoring for a year to affected customers. But that might be the least expensive part of the breach.