Wave Systems Corp. (fka WAVXQ)

[Chowder]

Rachelelise, I agree. I'm just trying to put together the value proposition why a company would go TC, or why they would be foolish not to. The first, hard dollar costs would include investigation & notification of affected parties. Other costs I can fathom would include actions to innoculate any liability. For example I've seen news reports where affected customers had one year credit monitoring. How would you like to write the check for credit monitoring for the 293,000 customers you impacted. I bet that wasn't in the budget.

What if a group recieved class action status to go after a firm that had "lost" its sensitive customers' data?

What about the intangibles? How does one quantify damage to a company's brand & reputation?

I can imagine the mess with regard to an internal hack / leak...how would a CEO like to have his company's payroll stolen and propagated through the organization. Now everyone knows everyone else's salary. That would make for good conversation. Could you imagine? This TC stuff is cheap insurance!

Ciao!