22 Lessons Learned: Experts
The Importance of Hiring Highly Skilled Data Breach Lawyers
Despite employing the best security measures, your company is still not a hundred percent safe from nation-state actors, hackers, and cyber criminals.
With technology’s advancements, do expect security and cybercrime to advance as well. So, should every company be prepared with data breach lawsuits?
What does data breach mean?
A data breach happens when a person with the use of any service or application gains access to personal data that they can view without authority. It is the type of security breach where one’s data is stolen and then published into an illegal location or an unsecured one.
So, what are the current data breach news?
During the time where the season of doing holiday shopping is fast approaching, that is between November 27 and December 15, 2013, the popular store, Target, became an easy data breach target.
It was found that 40 million debit and credit cards have stolen personal information.
Investigators of the said incident found out that the thieves were able to steal these vital information by setting up software on payment terminals. Such payment terminals are used by clients when they check out by swiping in their payment cards.
The said data breach affected all 1797 stores of Target all throughout the United States.
It was found that there were 15 lawsuits that were filed before the end of the year 2013 asking for millions of dollars as payment for damages. The harm was indeed extensive which even propelled the Department of Justice to carry out its investigation on the breach.
A lot of major data breach cases that occurred within the past years have not faced some time in the court because though they are of class action, they are just settled.
This happens because most likely the company that has been breached had not enough defense just like the incident of Target. To avoid the media spotlight, most companies prefer settlements because it helps them get on with the case quickly.
So, what is the future of data breach cases?
As stated by most reports, it has been determined that there is rising incident of data breaches and lawsuits of about 25 to 30% every single year.
The issue at hand has become a big deal ever since highly sensationalized lawsuits happened like those of eBay, Home Depot, and Target. One lawyer from Rhode Island even claimed that more lawsuits of this kind are coming because of several defense lawyers looking into different liability aspects.
So, which professional should you approach if you come across a data breach situation?
If you get caught in a data breach situation, it is important that you hire only the best data breach lawyers. Data breach lawyers are experienced with advising and protecting companies that have fallen prey to data breaches, coming up with data breach responses, and protecting one against liability from data breach.