TalkTalk shares have slumped another 7% in the wake of last week’s cyber-attack which could have led to the theft of personal data from its 4m customers.
Since the attack on Wednesday, nearly £240m has now been wiped off the company’s value. The shares are currently down 18.5p at 238.3p.
This is the third data breach to hit the company this year, with investors fearing the attacks would do serious damage to its reputation.
It is not yet able to say how many of its customers were affected by the breach, in which peoples’ names, addresses and partial bank account details were stolen. TalkTalk chief executive Dido Harding told the Guardian it was “too early to say” whether the company would establish a compensation fund.
But there have been growing calls for compensation, even though the company said on Saturday that the amount of information was “materially lower” than first feared and claimed it would be impossible for customers to lose money solely as a result of the attack.
It said on Friday it had received a ransom demand from an unknown party claiming responsibility for the attack.
