5 Keys To Keeping Data Breach Costs To A Minimum

Law360, New York (February 28, 2014, 9:52 PM EST) -- Recent data breaches at retailers Target Corp. and Neiman Marcus Group Ltd. Inc. have demonstrated the potentially gargantuan financial and reputational costs of online intrusions, but attorneys say there are several steps businesses can take to ensure their wallets don’t suffer the biggest hits.

On Wednesday, Target revealed that the massive breach it announced in December had cost the company $61 million in the fourth quarter, with $17 million to be paid by the retailer and the remaining $44 million offset by an insurance payment. The...
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