The security breach at CardSystems Solutions put 40 million credit cards at risk. The Federal Trade Commission already plays a role in policing companies that don’t provide adequate security for personal data. The authorities are not going to tolerate organizations that are lax about IT security. Corporate America currently spends about $5 billion on IT security and spending is growing at around 19 percent, when IT spending as a whole is only growing at about 5 percent. The CSI/FBI annual survey for 2004 reported a slight reduction in computer crime and cost of computer crime.”]
Source: https://www.csoonline.com/article/2118151/cost-of-a-breach–a-breach-too-far.html