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A recent report from Deutsche Bank and the Economist Intelligence Unit pointed to a gap in companies’ cyber defenses related to the third parties they do business with.
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“Each piece of personal information that is subject to the breach can lead to damages of between $150 and $750 per breach,” Sean Nalty, a partner at Ogletree, Deakins, Nash, Smoak & Stewart in San Francisco, said. “It is important that companies make sure their culture and standards are focused on data privacy protections.”
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