Blog | G5 Cyber Security

Pair Of Fines Levied On Breached Companies Show Real Costs Of Database Hacks

Two different companies in the past two weeks were fined by regulatory agencies for separate database breaches. The fines serve as a concrete and eye-opening example of what can happen to a business that fails to lock down its precious data stores. The average organizational cost of a data breach stands at about $6.75 million. The big fines doled out to Certegy and Davidson & Co. act as a punishment, but also as a deterrent and warning to others. The Davidson & Company breach is a classic morality tale of the security world.”]

Source: https://www.darkreading.com/attacks-breaches/pair-of-fines-levied-on-breached-companies-show-real-costs-of-database-hacks

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