Dropbox says cybersecurity incident is unlikely to have a material impact on operations

Dropbox Inc.'s (DBX) stock dipped 1.7% in extended trading Wednesday after the company said a cybersecurity incident "has not had, and we do not believe it is reasonably likely to have" a material impact on overall operations. The episode was isolated to Dropbox Sign infrastructure, and did not impact any other Dropbox products. The cloud-storage company earlier reported unauthorized access to data such as email, user names, phone numbers and hashed passwords. But following an internal investigation, the company said there was no evidence that intruders accessed account contents like agreements or payment information. "We're in the process of reaching out to all users impacted by this incident who need to take action, with step-by-step instructions on how to further protect their data," Dropbox said in a blog post Wednesday.

-Jon Swartz

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05-01-24 1758ET

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