Summary

Organizations store and maintain more consumer data than ever and the failure to protect it (or having it breached) can mean real losses. One estimate suggests Facebook may by on the hook for over a $1B USD fine for the current breach.

The Anthem hack has been getting a lot of news coverage because it is one of the larger data breaches in recent years. Of course it is in fairly good company (Sony, Home Depot, Target spring to mind) but it has some features that are unique. These features mean that the impact on those whose data was stolen is probably less than some other hacks, but that doesn't mean people can relax.