The Market Online shares the latest stock market news.
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00:00Hello, here's your midday market highlight story.
00:05Amera, Inc., the company powering homes and businesses across
00:09Atlantic Canada and beyond, is dealing with a cyber security
00:13breach that's hitting closer to home, more than they'd actually like.
00:16Late last week, the company did detect unauthorized access to
00:20its Canadian business network.
00:22Customer facing operations were impacted, but Amera insists core
00:25infrastructure like power plants and grids remains secure.
00:29Now, still, any time you're forced to bring in third party
00:32cyber security teams and alert law enforcement, it's a major red flag,
00:37especially for companies tied to critical infrastructure.
00:40In today's environment, breaches like this aren't just an IT
00:44headache. They're a direct threat to consumer trust and corporate
00:47reputation. Amera says the financial impact will be minimal and
00:51services continue uninterrupted. But for investors, the bigger issue
00:56is the rising risk and premium for utilities in an era where hackers
01:00aren't just targeting banks and tech companies. They're going
01:03after the power supply. Shares of Amera trading under the ticker EMA
01:08on the TSX are currently around 61.13 Canadian, down just under
01:12half a percent on the day. And that's your midday highlight story.
01:16I'm Lindsay Melchuk. We will see you tomorrow.