Executive & Global Insights

Cyber Breaches and Cyber Liability

Originally Posted Friday, January 17, 2014

By now you have all heard about the cyber breach that struck Target Corp. and 110 million payment cards. Did you know that Target did not discover the breach? The credit card processors noticed a surge in fraudulent transactions on cards that were used at Target. While Target was not the biggest or most damaging data breach ever, its timing sure got everyone’s attention. Target was just one of about 600 publicly disclosed data breaches in 2013. If 600 publicly disclosed breaches happened, how many more breaches have taken place that never got publicity?  More