Target's data breach cost the company $162 million

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


Written by: Andre Yoskowitz @ 26 Feb 2015 23:56
Tags
Target Data Breach
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  • 2 comments
  • Dragon3000

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

    ZX Spectrum 128K

    27.2.2015 03:28 #1

  • DXR88

    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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    28.2.2015 09:54 #2

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