Allegion PLC (ALLE) has disclosed a new risk, in the Cyber Security category.
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Allegion PLC remains exposed to increasingly sophisticated cyber threats that could compromise its access solutions, disrupt critical systems, and enable theft or corruption of sensitive data from customers, suppliers, and partners. Even with existing prevention and recovery measures and partial insurance, a successful attack could trigger costly remediation, regulatory scrutiny, litigation, and lasting damage to its reputation and financial performance.
Overall, Wall Street has a Hold consensus rating on ALLE stock based on 4 Holds.
To learn more about Allegion PLC’s risk factors, click here.