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The costs of data breaches extend far beyond the information that was stolen.
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.
Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio
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