Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Angling Direct (LON: ANG) shares have taken a tumble after it was hit by a cyberattack over the weekend.
The company said it is “currently managing a cyber security incident after detecting unauthorised activity on its network late on Friday 5 November 2021.”
The activity shut down the company's websites, which remained inactive as of Monday morning. In addition, some of the company's social media accounts have also been impacted, although Angling's retail stores across the UK have remained open and continue to trade.
While Angling said it is too soon to know the incident's effect on personal data, it made clear that it does not hold any customer financial data, with website transactions handled by third parties.
The company has appointed external cyber security specialists to establish what happened.
Angling shares have, as anticipated, fallen following the news. They are currently trading at 67.2p, down over 2.5% from Friday's close.
Angling Direct shares are traded on the London stock exchange's AIM market (the alternative investment market), which is the submarket specifically for smaller companies. AIM stocks are attractive to investors as they have tax advantages and smaller companies have the potential to benefit from rapid growth. But are ANG shares the best buy? Our stock market analysts regularly review the market and share their picks for high growth companies
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