Marriott Data Breach Cost the Hotel Chain Only $3 Million in Net Expenses (So Far)
March 4, 2019
The massive data breach incurred by Marriott in November 2018 has cost the world's biggest hotel chain only a scant $3 million so far, after the company's insurer covered most of the costs associated with the hack. Marriott's earnings papers for 2018 reveal that the hotel chain has "recognized $25 million of insurance proceeds” related to the incident, with an additional $3 million in net expenses.
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