There has been a lot of media attention over the past year on the impact of cyber attacks on companies such as Target Corporation (NYSE: TGT), The Home Depot Company, Inc. (NYSE: HD), and JPMorgan Chase Co. (NYSE: JPM).
Some of the incidents are being blamed on "Russian-speakers," although the country of origin hasn't been pinned down yet. Others could be orchestrated by the Chinese government.
So how are consumers actually affected by hacking?
Related Link: "What Investors Need To Know About Cyber Security"
Bank Robberies Are Out, Cyber Attacks Are In
Banks and other financial institutions will need to recoup losses either directly or indirectly through insurers; Account fees may increase and he consumer might eventually pay.
Intellectual Property Theft
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