Data Breaches: The True CostData Breaches: The True Cost

Cyber security and protecting customer data continues to be top of mind for not only banks, but retailers, software firms, and any company that stores valuable data. These days it seems not a week goes by without a report of another high-profile data breach.

P.F. Chang's became the latest retailer to be targeted at the point of sale with credit card information being targeted at 33 locations, it was revealed this month. This followed several high-profile attacks that affected Target, Neiman Marcus, and other major retailers in late 2013 and early 2014.

Of course, financial data can be targeted at more than just retail POS systems. Websites that store valuable data are targeted on a near-constant basis. Most recently, this week news broke that a Russian gang of computer hackers stole 1.2 billion usernames and passwords, exposing vulnerability in some 400,000 websites.

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