Posts tagged as: Data Breach

Customer Sues Bank after Phishing Assault; Loses $550,000 in Breach

Customer Sues Bank after Phishing Assault; Loses $550,000 in Breach

A leading Internet-based IT-security news organization recently reported a major phishing assault on Experi-Metal Inc.’s (EMI) bank account. EMI stated that the actions of Dallas-based bank, Comerica, had opened its online bank account to a successful phishing charge due to which more than $550,000 was stolen from the account and disbursed.
The company has filed a [...]

2009 Annual Study: U.K. Cost of a Data Breach

2009 Annual Study: U.K. Cost of a Data Breach

The annual U.K. Cost of Data Breach Study tracks a wide range of cost factors, including expensive outlays for detection, escalation, notification and response along with legal, investigative and administrative expenses, customer defections, opportunity loss, reputation management, and costs associated with customer support such as information hotlines and credit monitoring subscriptions.
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