Hidden costs of data breaches. Business Costs.

Case Study: Target. Target’s Securities & Exchange Commission filings show:

• costs thus far of $290 Million
• estimated future costs will total $370 Million

Case Study: Anthem Insurance. Anthem’s SEC filings show it cannot estimate the cost of its data breach because:

• ongoing investigation
• early stage of legal proceedings progress
• unknown damages
• uncertain number of lawsuits that will be filed

In additional to actual costs, there are soft costs to a data breach such as:

• lost contract revenue
• lost customers
• brand damage

eweek | Researchers Struggle to Determine True Cost of Data Breaches