NU Online News Service, April 20, 3:50 p.m. EDT
U.S. companies are continuing to underestimate the impact of data breaches and have not disclosed what their exposure to such risk is, according to a new survey.
The findings were reported by Bermuda-based specialist insurer Hiscox, which said that 38 percent of major companies they surveyed failed to acknowledge the threat of a data breach in the Risk Factors section of their Securities and Exchange Commission 10-K filing.
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