RALEIGH – Data breaches such as the massive one at T-Mobile are wearing on the minds of Americans, a new survey finds.
A July study from IBM Security found that the average cost of a security breach to a company was $4.24 million per incident, and a study released this week from the Association of International Certified Professional Accountants (AICPA) reports that 89% of Americans are concerned about the ability of businesses to safeguard their financial and personal information.
This week, T-Mobile confirmed a data breach had occurred after hackers told Vice they were selling customer information. The company later announced on its website that the breach could affect as many as 850,000 prepaid customers, 7.8 million postpaid subscribers, and more than 40 million past or prospective customers who have applied for credit with T-Mobile.
The AICPA study, which analyzed survey data from a survey conducted earlier this year by The Harris Poll, also found that 49% of Americans are either very concerned or extremely concerned about the ability of businesses to protect their privacy.
“Cybersecurity has been an increasingly important consideration for the finance…
