Average Cost Of Data Breaches Reach $3.5 Million In 2014 [Infographic]

Electronic payments, banking and credit card usage provide a welcome convenience for customers and most retailers. However, the mega data breaches of 2014 created extreme doubt in those hit by the wave of electronic crime. Big names such as eBay, JPMorgan Chase and Home Deport took vast hits because of these malicious attacks. Sadly, these selfish assaults not only affect the retailer, but will also affect the consumer as well. At some point, the retail company needs to increase prices in order to make up lost profit. No matter how you handle your finances, pay your bills, or where you shop, you will feel the effects of cybercrime at some point in your life.

Submitted by Parker Hansen. Infographic Source

Do you think data breaches have become far too common among big brands? Is there any way to turn this trend around? Let us know in your comments below. Do visit TopTenReviews.com to find more informative infographics like this.

Bio
Latest Posts

Jeremy

Business Analyst and Local Business Marketer. Practical Brand Advisor. Co-founder & Admin at The Local Brand. Writes about marketing and investment. Motorcycle enthusiast and likes to travel.