In the News – Assessing and mitigating data breach risks

Description

Abstract: Hackers may steal sensitive data from retailers, manufacturers, health care providers, contractors and professional services firms of all sizes. However, closely held borrowers stand to lose the most, because they typically lack the resources to absorb losses from data breach. This article discusses a recent study about the rising costs of data breach in the United States and helps lenders identify which borrowers are taking steps to lower their risks.