Major security breaches continue to hit headlines, as businesses are forced to shift from focusing on the imminent nature of threats to calculating their potential financial impact.
Companies are investing billions of dollars in cybersecurity, but the average return on spending for security technology is only 14%. Every year the cost of a data breach continues to rise.
In spite of this, investors and shareholders don’t react strongly to news of a breach.
Target’s stock fell 11% after it revealed it was the victim of one of the largest breaches ever to have happened in the retail industry. But its stock quickly bounced back. Now, its stock is trading at the same level as before the breach. Read on
Adapted from WEF