Capital One, a financial services company recently announced plans to eliminate 1,100 technology positions as part of a larger cost-cutting and operational-simplification effort.
The recent headline-grabbing data breaches - Equifax Inc., Capital One Financial Corp., and The Desjardins Group chief among them - all lead to this question: Will these breaches cause consumers to stop spending their hard-earned cash with these companies?
This week's news of the breach at Capital One Financial Corp. rocked the world and has cybersecurity experts buzzing to analyze what went wrong and advise others how to not fall into the same traps.Â
Cybersecurity experts are worried that the increased frequency of data breaches is becoming normalized by the public, reducing the pressure on organizations that handle private data to do better.