Infographic: the true cost of a data breach

The financial services industry has been hit hard with data breaches in recent years, underscoring the need for financial institutions to step up security measures to protect both themselves and their customers. But beyond public backlash, reputation damage and lost client trust, financial institutions that experience a data breach face a myriad of costs – from forensics and breach notifications to lawsuits and settlement fees. Take a look at a few facts about the data breaches and how much they can cost.