3 ms·
> It sounds like most of these costs are just from having to finally do the things they skimped on in the first place. Source? It's not TFA. TFA only talks abo
by jiveturkey 7y ago
> It sounds like most of these costs are just from having to finally do the things they skimped on in the first place.
Source? It's not TFA. TFA only talks about legal costs in the past, and doesn't state it but implies future projections are also for legal costs.
With $700MM of legal costs in 1 quarter, if that is 49% of the total (51% --most-- going to finally do the things) expenditure, that's $1.4bn in one quarter. Their entire 2018 revenue was just $3.4bn ($835MM in Q4).
- _bxg1 7y agoThe article placed a general emphasis on "cybersecurity costs"; I guess it didn't really indicate what percentage was that vs. litigation, but any "cybersecurity costs" are as I described above: costs that should've already been spent before the breach and are just being forced now. Only the litigation is a true "penalty".
- jiveturkey 7y agoAbsolutely, only the litigation is a penalty. The article specifically and explicitly stated, $700MM in legal costs. > Lawsuits and investigations have cost $690 million in the first quarter of 2019 alone,