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Data Breaches Cost Big Companies Less Than You'd Think

  • Fortune, Friday, March 27, 2015 4:38 PM
While massive data breaches are a headache for big brands, they are not as costly as they might seem. Benjamin Dean, a fellow at Columbia University’s School of International and Public Affairs. Dean, who also has a background in accounting, looked at large companies that had suffered data breaches including Sony, Home Depot and Target. When comparing the money they spent in lawsuits and fines against their earnings, Dean found that these breaches cost these companies very little.

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