The Lazy Genius

Security News & Brain Dumps from Xavier Ashe, a Bit9 Client Partner

How much does a security breach actually cost?

Posted by Xavier Ashe on July 21, 2005

How much does a security breach actually “cost,” and who pays for
it? When the breach involves personal information, like credit card
data, the answer is, a lot more than you may think. The problem is that
the people who “pay” for the cost of the breach are rarely the ones
responsible for preventing the breach.

A recent lawsuit filed in state court in San Francisco may, to a
small extent, change that. The lawsuit was filed as an aftermath of the
data breach by credit card processor Cardsystems, Inc., which resulted
in the potential compromise of more than 40 million credit card
numbers, and seeks to impose liability on Cardsystems for the true
costs of failing to protect data.

Read the full article at the Register.

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