Companies need more proper validation on confidential data: Cybersecurity expert

In an interview, cybersecurity expert Daniel Tobok discusses the recent data breach at HBC’s Saks Fifth Avenue stores. He highlights the challenges faced by retailers in safeguarding sensitive customer data, emphasizing that the retail industry is a prime target for cyberattacks due to the valuable information they store. Daniel Tobok mentions the difficulties in quantifying the breach’s impact and recommends that individuals monitor their credit card statements regularly and practice caution when conducting online transactions. He also addresses the potential costs involved in rectifying a breach of this magnitude, which could reach several million dollars, including expenses for forensics, cybersecurity, legal, and public relations.