Global Payments Takes $84 Million Charge For Its Data Breach
Thursday, August 09, 2012
The Wall Street Journal reported that the Global Payments will cost it $84.4 million. Earlier this year, the Atlanta-based company experienced a data breach where payment information for about 1.5 million credit- and debit-cards was stolen. The breach could cost the company an additional $25 to $30 million in 2013.
There definitely are consequences when companies fail to protect sensitive consumer information.
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