From a recent article at TechNewsWorld

 

While most would directly attribute penalties and fines per record involved in data breaches, there are additional consequences, some of which are:

  • Loss of sales
  • Investigation and notification costs
  • Fines and litigation
  • The cost of credit monitoring services for each customer
  • Interruption of operations
  • Last, but definitely not least: brand erosion (reputation, customer trust, etc.)

 

 

As the author mentions, an ounce of prevention is worth a pound of cure.

Written by Kanguru — October 31, 2012

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