Standard & Poor's says breaches have no material impact

 

Surprise! Staples (NASDAQ: SPLS) had a breach and the financial industry once again says it is not a major event. Standard & Poor’s is not a small organization and they’re usually right, except when downgrading the US. You never downgrade the US. So far data breaches still fall into the nuisance category. This is mainly because all of the big players have a good set of lawyers and some Treasury professionals that acquired the right kind of insurance.

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