- Looking at the Capital One Breach a little more in depth:
- The data breach cost Capital one $100-150 million dollars
- Customer compensation
- Free credit monitoring, identity protection services
- Defense team against potential legal action
- Investing more in cybersecurity, analyzing weaknesses of defense
- Customer compensation
- The data breach cost Capital one $100-150 million dollars
- While specific costs of data breaches very from company to company one thing that is constant across the board is that the aftermath of data breaches are costly to companies. Not only monetarily do companies take a loss, but companies tend to lose the trust of customers with their data, information, etc. Therefore, this could put a company's brand in a negative light effecting the bottom line.