Restaurant Chain -
A local restaurant chain discovers that their payment systems have been breached over the course of three months. Tens of thousands of customers had their credit card information stolen, resulting in fraudulent charges on the victims accounts. Victims band together and sue the restaurant chain for costs incurred, including paying for credit monitoring, recovering lost funds and expenses incurred in clearing their identities.
Healthcare Facility -
A rouge employee sold documents containing names, addresses and social security numbers for patients. Almost 50,000 individuals had to be notified to comply with HIPAA regulations. The breach cost the carrier $12,000 for fines, $6,500 for forensics, $14,500 to print and mail letters to notify, $300,000 for credit monitoring expenses, $45,000 for call center, and finally $50,000 for PR expenses. Final cost to carrier: $428,000