Atlanta Division: Data Breaches-Retailers Under Attack

Retailers among other are under attack; data breaches are increasingly common and increasingly expensive. This year alone has seen over 700 major attacks and increase of over 20% from previous years. Home Depot data was breached this year and are now facing not only the direct financial losses but also are facing a minimum of forty civil lawsuits resulting from this data loss. Home Depot is also facing investigation by federal and state agencies. You know that is not going to end well for Home Depot.  The estimates for this year for cyber protection is just over four billion dollars and expected to rise to exceed six billion dollars within 14 months. The costs are great for the businesses but they are also great for all of us because that is where all the money to pay the bills comes from.