An Australian teenager named Joshua Rogers found a serious flaw in PayPals two-step authentication process. A recent report from Ponemon Institute found that the average cost of a data breach in the United States is $3.5 million, up 15 percent from last year. Survey respondents indicated that theyd like to see average security budgets doubled from an estimated $7 million per year up to $14 million. But for CEOs and chief information officers, this is a tough pill to swallow. It’s possible to improve retail security with a redesign of the security conversation.”]
Source: https://securityintelligence.com/digital-security-costs-should-retailers-pay-or-pray/