Stolen data could cost organizations trillions

A lot goes into calculating the fallout from cyberattacks. For companies, it includes damages to their brand, alerting customers, handling legal fees – all that aside from the cost of stolen data or money. A recent study goes a step further, though, and calculates the total cost to the world economy.  

Bank sues cybertheft victim

You’re a bank, and faulty security measures result in a customer’s account being hacked. What do you do? Apparently, you sue the customer.