Practical Lessons From Recent Data Breaches

Law360, New York (July 9, 2012, 2:31 PM EDT) -- Recent data breaches at popular Internet sites, including the theft of millions of user passwords by hackers at business networking site LinkedIn and dating site eHarmony, are a timely reminder of the substantial financial and other consequences businesses potentially face from unauthorized access to private data.

Although the exact costs for large breaches such as the theft of the 8 million LinkedIn and eHarmony passwords, allegedly obtained by Russian hackers, are difficult to determine, a recent study estimates that the average cost of breaches involving less...
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