"Two newly published studies report an accelerating threat of Internet financial crime, the latest evidence of the growing danger.
The Ponemon Institute reports that the average cost for a business victimized by a data breach rose 30 percent this year to $6.3 million. A separate Federal Trade Commission report issued this week estimates that more than 8 million Americans were victims of identity theft in 2005, based on comprehensive survey data collected and analyzed during the past year and a half."
E-Commerce Law Briefs is a weekly feature appearing each Friday afternoon on E-Commerce Law. Each week, E-Commerce Law Briefs will provide a brief summary and commentary on recent legal news affecting e-commerce businesses.