Cost of data loss: How realistic we are about finances of data breaches?

1. The data breach and subsequent loss of records for transactions and confidential details of customers are always a matter of concern for any company. However it becomes very difficult to put exact or near exact cost per record loss due to the breach.
2. Verizone has tried to breach this barrier and to put cost per record and it comes out to be..... Dollars 0.58 . Amazingly low. Another research firm puts this between 188 to 210 dollars per record.
3. Check out the details https://m.facebook.com/l.php?u=https%3A%2F%2Ffortune.com%2F2015%2F04%2F24%2Fdata-breach-cost-estimate-dispute&h=jAQHhn8X8

ATM Vulnerabilties Enable Cash Withdrawal Without Debit

1. One would have come across the reports in news papers, how the ATM was targeted and cash looted by robbers or hoe they skimmed off your account off some cash when you didn't bother about the guy standing behind you inside the ATM observing you entering the PIN (Shoulder Surfing).
2. There were instances of a key logging device pasted over the Keypad that would transmit all ATM PINs entered to the hacker.
3. Can you beat this  " Withdraw the Cash Legitimately without getting it debited FROM OUR ACCOUNT"
4. Yes.
5. The modus Operandi is very simple. After You have entered the PIN and amount required to be withdrawn, you just block the cash dispensing opening. The machine will take it as fault in delivery mechanism and reverse the debited amount. However your cash would have been dispensed by then.
6. This kind of fraud has been reported in Bangalore by a security firm against bank employees, though no arrest has been made in tis connection so far.