Ask the Experts: Assessing the Cost of Security Breaches

Published on Wallethub

High-stakes hacking has been a major theme for American businesses in 2014. The recent wave of data breaches at popular retailers have made consumers more aware — and warier — of the very real threat that their sensitive financial information could slip easily into criminal hands.

In the past year-plus, hackers have infiltrated the payment systems of several big-name retailers — the most notable of which include Target in late 2013 and most recently Home Depot — accessing credit and debit card data for more than 100 million consumers. Other recognizable names that suffered breaches of lesser scales involved Neiman Marcus, P.F. Chang’s, Michael’s and Supervalu. ….Read the Full Article Here

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