company data breach costs News

Banks Get OK for Suit Against Target to Recoup Data Breach Costs

A federal judge on Tuesday rejected Target Corp.’s bid to dismiss a lawsuit by banks seeking to recoup money they spent reimbursing fraudulent charges and issuing new credit and debit cards because of the retailer’s late 2013 data breach. U.S. …

Report: Data Breaches Cost N.Y. Businesses $1.37B Last Year

Security breaches exposing consumers’ personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general’s office said. Data breaches in the state more than tripled from 2006 to …

Company Data Breach Now Costs $3.5M on Average: Ponemon Study

The average cost of a corporate data breach increased 15 percent in the last year to $3.5 million, according to a study. The study by the Ponemon Institute out of Michigan also found that the cost incurred for each lost …