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Data: The Breach Is Only the Beginning

For small-to-midsize businesses, the ongoing costs of responding to a data breach can dwarf the expense of the data loss itself. Now new insurance instruments are being created to help limit the damage.

July 13, 2012

The theft yesterday of more than 450,000 user names and passwords from Yahoo also exposed the e-mail addresses and passwords of users of Gmail, AOL, Hotmail, Comcast, MSN, and several other e-mail services. In other words, if people subscribed to the breached Yahoo service with the same passwords they've used for their own e-mail accounts, then those passwords are now in the possession of the hacking group D33D Co. that breached Yahoo and posted those names and passwords online. And if those people used the same passwords (as many people do) to access their bank accounts, credit-card payment information, or their employers' business systems, then they'd better change those passwords pronto, as Yahoo advised in an official statement. Read more...

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