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Target's data breach cost the company $162 million

Written by Andre Yoskowitz (Google+) @ 26 Feb 2015 23:56 User comments (2)

Target's data breach cost the company $162 million In 2013, Target had a massive data breach in which 70 million customers had their credit and debit card information stolen.
Today, the company has finally revealed the losses it took from the breach, a staggering $162 million.

In 2013, the company booked a $61 million gross loss and $191 million for 2014. Cyber attack insurance covered $90 million over the two years. Those figures could get larger in 2015 as the retailer faces a number of class action lawsuits.

In recent months, attacks on retailers and other companies have escalated, culminating with a breach by Anthem Health, one of the largest health insurance companies in the U.S.

Source:
Crunch

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2 user comments

127.2.2015 3:28

Turn off the INTERNET for good. People will get used to it eventually.


ZX Spectrum 128K

228.2.2015 9:54

Originally posted by Dragon3000:
Turn off the INTERNET for good. People will get used to it eventually.
Use and discard or keep people's information on a closed circuit....this is security 101 stuff.

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