Security Breaches are becoming more and more valuable as we go, says Charles Chell. Chell: The average security breach now is quoted as somewhere around $7 million in costs. He says passwords are susceptible for a number of reasons: They’re easy to guess; oftentimes customers will use [them] in multiple places. The average breach costs companies $7M, Chell says, “but the hard cost comes from increased regulatory compliance and what companies have to do; but the soft costs are the bigger part of it””]
Source: https://www.bankinfosecurity.com/breach-prevention-new-approach-a-7306