63% of companies plan to pass data breach costs to customers
63% of companies plan to pass data breach costs to customers
The rising practice of shaking down customers to pay for security shortfalls could have a silver lining for CISOs, as diluted price competitiveness could convince top brass of the ROI of cybersecurity investments.
The rising practice of shaking down customers to pay for security shortfalls could have a silver lining for CISOs, as diluted price competitiveness could convince top brass of the ROI of cybersecurity investments.
Are the other 37% lying or did they fold because of the breaches?
It is click bait junk
Companies pass costs to customers. How is this a news message? It’s literally what they always do.
You are not wrong. It's just extra special "fuck you" since they leak your personal data and then charge you more for it.
Who else would pay for it?
Passing it on to consumers means that they will raise prices which will hurt says thus harming income. If they don't raise prices they lose money as well. At the end of the day they are paying for it directly and you are paying for it indirectly.
Best option is to completely abandon companies with terrible track records. These days pretty much every major company has had a breach. They key is how they handle it and how often it happens.
Yea, but usually you pay to not have it leaked, rather than the other way around.
The other 37% don't "plan to", because they're already doing it.
This is news? That number should be 100%.
Companies make money off if consumers. If they weren't passing there costs to consumers it would be tax funded.