BaFin Fines TeamViewer €240,000 for Delayed Cyberattack Disclosure

Germany's Federal Financial Supervisory Authority (BaFin) has fined TeamViewer SE €240,000 for breaching the Market Abuse Regulation (MAR) by failing to promptly disclose a cyberattack as inside information.

According to BaFin, the software company should have announced the cyberattack without delay, as the incident was considered price-sensitive information that could influence investors' decisions.

Under MAR, companies listed on Germany's regulated markets must disclose inside information as soon as possible to ensure market transparency and prevent insider trading.

BaFin said TeamViewer's delayed disclosure violated Article 17(1) of MAR. Companies that fail to meet the requirement can face administrative fines of up to €2.5 million or 2% of their annual revenue.