This may be true but for those who are effected, going by some of the replies to breach articles here the cost is not only in the wallet but the stress it causes are huge as well.
August 2nd 2015 By Nathaniel Popper
At Target, 40 million customers had their credit card information exposed to hackers. At JPMorgan Chase, personal details associated with 80 million accounts were leaked. Last month, a hacker gained access to 4.5 million records from the University of California, Los Angeles, health system.
Enormous numbers like these can make it feel as if we’re living through an epidemic of data breaches, in which no one’s bank account or credit card is safe. But the actual effect on consumers is quite different from what the headlines suggest. Only a tiny number of people exposed by leaks end up paying any costs, and for the rare victims who do, the average cost has actually been falling steadily.
Full Article
A hacking epidemic that hits few consumers in the wallet
Jasper, you are so right...money can be replaced (hopefully) but damage to health from the stress and anxiety that falling victim to these miscreants can often never be repaired and cost the persons affected, as well as the local economy, at great deal.
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Good article, to some degree a tiny few is some consolation to a extent. The breaches are many and we as users/and consumers must continue to be vigilant.
+54When reading the reports of breaches etc the damage is almost always given a monetary value but that is just a tiny part of the true cost, as you say Baldrick some of the damage caused by stress can never be repaired and it even drives some people to suicide.
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