Breach costs: Chump change to bottom lines of big players

The cost of a data breach amounts to chump change as a percentage of overall revenue, CBS MoneyWatch reported recently. A 2014 Verizon survey of 191 insurance claims filed in 2014 concluded that the average cost per record compromised had increased from $159 to $174. Even the high-profile breach of Target at the end of 2013 40 million debit and credit card numbers and 70 million other records that included addresses and phone numbers didnt cut significantly into the companys bottom line.”]

Source: https://www.csoonline.com/article/2932324/breach-costs-chump-change-to-bottom-lines-of-big-players.html