Private Data Leakage Costs Chipotle 5.6M dollars

In the IPO SEC filing privately held company Chipotle states that it has lost $5.6 million as a result of sensitive data leakage last August (1.6M for short term expenses and 4M for reserve fund to deal with claims arising from possible ID theft). Thus private data leakage costs 91% of Chipotle's profits in 2004.

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