The high price of data breaches

As consumers, we transmit valuable personal information to the companies with which we do business. In doing so, we trust that information will remain secure. Over the past year, however, we have learned of a number of instances in which vast quantities of personal data have been compromised. Last spring, for instance, breaches at Sony Corp. affected more than 100 million customers, putting their credit card numbers, email addresses and passwords at risk. Another recent breach exposed email addresses of customers of companies such as Best Buy, Citibank, Disney, JPMorgan Chase, the Home Shopping Network, Hilton, Marriott and the College Board.

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