Despite the frequency and cost of data security breaches

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Despite the frequency and cost of data security breaches, why do you think some companies do not consider securing customer data as high a priority as other risks to their data systems operations? Chose the option that you think best answers the question.

A. Much of the cost from stolen consumer data is borne by the credit card companies instead of the company whose system was breached. Any financial losses for the company are a cost of doing business.

B. This is a technological arms race and the crooks have more resources and incentives than the company. Often the company does not even know there has been a breach.

C. The Credit Card system in the US, with a magnetic stripe on each card, creates an environment where a thief can purchase large numbers of stolen credit card numbers and load them on blank cards. The EU system of chip and PIN eliminates this incentive

D. There are no reporting requirements, so many times the loss of customer data goes unreported and the company pays no (financial or public relations) cost.

Reference no: EM13838135

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