When a company takes on operating expenses, there are some costs that practically all businesses share, and then there are expenses that are specific to an industry.
This week, Capital One formally issued data breach notification letters to an undisclosed number of its customers, stemming from unauthorized activity between January and April of this year.
All across the country, data breach notification laws can differ based on the state in which the breach occurred and the state in which the affected consumers live. With no nationwide notification law as of yet (and two states not even having notification laws in place), that can mean a wide variety of requirements scattered across the country.
Each year, hacking events and data breaches continue to set new records for both the numbers of attacks and the numbers of consumer records that are compromised.
Data breaches have made headlines around the world for the past few years, namely because the record-setting numbers of events have resulted in higher than ever compromised consumer records. But while the big names tend to get all the attention, the reality is they’re not just a “big dog” problem.