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28 July 2011, 10:45

RSA hack cost EMC $66 million

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According to a report in The Washington Post, the cost of the RSA hack which compromised the security of RSA's SecurID products was $66 million. The Post quoted a conference call with David Goulden, EMC Executive Vice President and Chief Financial Officer, in which he stated that "We incurred an accrued cost associated with investigating the attack, hardening our systems and working with customers to implement our remediation programs."

Discussing EMC's latest financial reports, Goulden said that the money went on monitoring its customers' transactions and also replacing SecurID hardware tokens. The company also said that instead of targeting financial information, the RSA hack was more likely aimed at EMC's defence and government customers.

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