What’s The Cost of Poor Cyber Security?

It can be the company. Collections Firm Behind LabCorp, Quest Breaches Files for Bankruptcy.

Now bankruptcy doesn’t mean the end, but at a guess, they will be much smaller if they survive.

A medical billing firm responsible for a recent eight-month data breach that exposed the personal information on nearly 20 million Americans has filed for bankruptcy, citing “enormous expenses” from notifying affected consumers and the loss of its four largest customers.

Unless corporations, large and small, feel some pain for their poor security, it will never get fixed.

Advertisements