It’s been almost five years since the retail world was rocked by the Target data breach, an event that affected millions of US consumers’ credit card and debit card accounts.
Data breaches continue to set records for numbers of separate events, numbers of compromised consumer records, and amounts of money they cost both businesses and the public. The Identity Theft Resource Center tracks those data breach events to help lawmakers, advocates, law enforcement and individuals be aware and stay prepared.
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.