Urban Outfitters Executive Argues That Companies Shouldn't Have To Tell Customers About Data Breaches
Business Insider/Hayley Peterson
Dawn-Marie Hutchinson told The Wall Street Journal that uproar over retail cyber security threats is "crazy hysteria."
"Placing blame, it doesn't help anybody," she said.
Hutchinson's job is to protect Urban Outfitters from cyber attacks.
Elizabeth McLoughlin at My Retail Media writes that a growing number of industry executives are arguing that "a large amount of breaches do not cause harm and should be kept quiet."
"Not every piece of information which is exposed is stolen or used, or a valuable trade secret," McLoughlin writes.
Companies could arguably expose weaknesses in their systems by disclosing the breaches.
Retailers have been hit with a spate of data breaches over the past year.
Target's now-infamous data breach affected millions of customers. The company said today that the breach cost the company $148 million in the second quarter.
Verizon, Neiman Marcus, and Sally Beauty also reported breaches late last year.
- Should you be worried about the potential side-effects of the Covishield vaccine?
- India T20 World Cup squad: KulCha back on menu, KL Rahul dropped
- Sales of homes priced over ₹4 crore rise 10% in Jan-Mar in top 7 cities: CBRE
- Gold prices fluctuate as geopolitical tensions ease; US Fed meeting, payroll data to affect prices this week
- Best beaches to visit in Goa in 2024
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market