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Proposed deal still has to be approved by a Quebec court

Report says financial institution knew about security weaknesses but didn't fix them soon enough, leading to theft of information of 9.7 customers

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?

Despite many blaming the employee who allegedly leaked almost 3 million individuals' information in the recent data breach at The Desjardins Group, some experts warn that this is over-simplifying the problem and not laying enough blame on the company itself.