Security breaches are costly, but indirect costs (i.e. reputation, customer confidence) are the heavier burden. Compliance does not equal security. Technology can enable security. But technology alone can not guarantee security. Trust, but verify. This applies to your Third-Party Service Providers (TSPs). Dont repeat them. The Biggest Information Security Incidents of 2007: Monster.com’s Summer of Stolen Data. UK Government Department lost records on 25 million juvenile benefit claimants.”]
Source: https://www.cuinfosecurity.com/biggest-information-security-incidents-2007-a-666