{"id":511,"date":"2016-07-31T21:15:00","date_gmt":"2016-07-31T21:15:00","guid":{"rendered":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/2016\/07\/31\/hidden-costs-of-data-breaches-business-costs\/"},"modified":"2016-07-31T21:15:00","modified_gmt":"2016-07-31T21:15:00","slug":"hidden-costs-of-data-breaches-business-costs","status":"publish","type":"post","link":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/hidden-costs-of-data-breaches-business-costs\/","title":{"rendered":"Hidden costs of data breaches. Business Costs."},"content":{"rendered":"<p><strong>Case Study: Target.<\/strong>\u00a0Target&#8217;s Securities &amp; Exchange Commission filings show:<\/p>\n<ul>\n<li>costs thus far of $290 Million<\/li>\n<li>estimated future costs will total $370 Million<\/li>\n<\/ul>\n<p><strong>Case Study:\u00a0Anthem Insurance.\u00a0<\/strong>Anthem&#8217;s SEC filings show it cannot estimate the cost of its data breach because:<\/p>\n<ul>\n<li>ongoing investigation<\/li>\n<li>early stage of legal proceedings progress<\/li>\n<li>unknown damages<\/li>\n<li>uncertain\u00a0number of lawsuits that will be filed<\/li>\n<\/ul>\n<p><strong>In additional to actual costs, there are soft costs to a data breach such as:<\/strong><\/p>\n<ul>\n<li>lost contract revenue<\/li>\n<li>lost customers<\/li>\n<li>brand damage<\/li>\n<\/ul>\n<p><a href=\"http:\/\/www.eweek.com\/security\/researchers-struggle-to-determine-true-cost-of-data-breaches.html\">eweek |\u00a0Researchers Struggle to Determine True Cost of Data Breaches<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong>Case Study: Target.<\/strong>\u00a0Target&#8217;s Securities &amp; Exchange Commission filings show:<\/p>\n<ul>\n<li>costs thus far of $290 Million<\/li>\n<li>estimated future costs will total $370 Million<\/li>\n<\/ul>\n<p><strong>Case Study:\u00a0Anthem Insurance.\u00a0<\/strong>Anthem&#8217;s SEC filings show it cannot estimate the cost of its data breach because:<\/p>\n<ul>\n<li>ongoing investigation<\/li>\n<li>early stage of legal proceedings progress<\/li>\n<li>unknown damages<\/li>\n<li>uncertain\u00a0number of lawsuits that will be filed<\/li>\n<\/ul>\n<p><strong>In additional to actual costs, there are soft costs to a data breach such as:<\/strong><\/p>\n<ul>\n<li>lost contract&#8230;<\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,15,19,4],"tags":[],"class_list":["post-511","post","type-post","status-publish","format-standard","hentry","category-business-trend","category-data-breach-contract","category-insurance","category-retail-data-breach","entry"],"_links":{"self":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/511","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/comments?post=511"}],"version-history":[{"count":0,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/posts\/511\/revisions"}],"wp:attachment":[{"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/media?parent=511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/categories?post=511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/informedintel.com\/account\/datasecurity\/wp-datasecurity\/wp-json\/wp\/v2\/tags?post=511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}