From a personal perspective, the hack of Sony is of little consequence to me. I probably own stock in the company via a mutual fund somewhere but any financial losses will be minimal and likely undiscernible in the grand scheme of my retirement planning. The Target and Home Depot hacks however were a pain in the rear. I had to change debit cards and have fraudulent transactions reversed. Yes, VISA covered the nearly $1,300 in fraudulent charges but I still had to cancel the cards, wait for new ones and setup recurring payments to Netflix. Do you know what happens in a house with four kids who can’t get their Netflix fix?
Even though Target and Home Depot have or will spend millions to deal with their breaches and improve information security, I think the Sony breach is worse, and here’s why.
Read more: Why the Sony Hack is Worse than Target or Home Depot