Monday, November 5, 2012

Data breach costs skyrocket as class-action lawsuits become more prevalent

Data breaches are on the rise, and the scope of the amount of data stolen is getting wider. The rise of “Big Data” heists like the one that Sony has been dealing with for 18 months (77 million accounts were compromised) is opening up the potential for class action suits in such cases to become the norm. And that can add millions of dollars to the cost of the incident. Source: Infosecurity