May 22, 2014

Shoring up cybersecurity tied to bottom-line losses

Despite a torrent of high-profile data breaches — most recently at eBay — many security experts fear businesses and consumers will continue doing little to bolster their protections against cybercrooks until they feel it in their pocketbooks.

The recent uptick in data breaches is helping shift companies from a ‘it will never happen to us’ mentality to a ‘we now have to budget for better security’ one,” added Jean Taggart of San Jose-based Malwarebytes. Nonetheless, he said, “there are of course still many examples of startups that simply don’t factor in security in the rush to build a user base.”

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