Data breaches shake consumer confidence.

PositionCYBERSECURITY - Brief article

Most consumers are reluctant to continue to do business with a company that has suffered a financial data breach, according to a recent global survey by SafeNet of more than 4,500 adult consumers. Almost two-thirds (65%) of the respondents said they would never or were very unlikely to do business again with a company whose customers' financial information had been breached.

The SafeNet Breach Level Index for the second quarter of this year reported a total of 237 breaches between April and June, compromising more than 175 million customer records containing personal and financial information. Only two of the 237 incidents were considered secure...

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