A big breach of security

Jun 18th, 2005

Comments: 0
Category: Misc.

A big breach of security

Security breach may have exposed 40M credit cards | InfoWorld | News | 2005-06-17 | By Tom Krazit, IDG News Service
Another to add to this years seemingly endless stories of large companies sufferering losses of customer information, in this case CC info…
What I’m very interested to see is what actual penalties/negative consequences affect the companies responsible for these breaches, as I think it will shape some of the internal debate in companies that handle this kind of data about appropriate levels of security.
One thing that does seem to have happened is a loss of share price for choicepoint… looking at their stock graph their trading down about 20% from around the point when their breach was publisised….
Actually maybe that’s worth looking at (getting a list of the breaches from privacyrights and comparing stock prices before/after)

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