The Ill Effects of Data Breaches and Why You Need to Only Hire the Best Data Breach Lawyers
Even if you have employed all the necessary cyber security precautions, your company is still not a hundred percent safe from cyber criminals, nation-state actors, and hackers.
With the rapid rise of technology, not only security rises but also cybercrime. So, should every company be prepared with data breach lawsuits?
What does data breach encompass?
A data breach is a situation wherein your personal data are being accessed, retrieved, or viewed illegally by a person with the use of certain services or applications. It is the kind of security breach that steals one’s data or publishes such data to an illegal location or one that is unsecured.
So, what are the current data breach news?
It was during the year of 2013 in the period between November 27 and December 15 where shopping for the holiday season is fast approaching that the popular Target store became a victim of data breach.
Personal information from 40 million debit and credit cards has been stolen.
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.
Because of the resulting damages, by the end of the year of 2013, millions of dollars have been sought by at least 15 filed data breach lawsuits. Because of how extensive the harm has brought upon the lives of the victims, the Department of Justice even pushed efforts to delve into the case.
Most data breach cases that have happened in the previous years have come across class-action lawsuits but then they were settled thus no longer facing some time in court.
This is always an expectation because most companies that were breached with the likes of Target do not come prepared with defense. To prevent getting unnecessary media attention, a lot of companies prefer settling their cases so that they get to move on from it quickly.
So, what is the future of data breach cases?
It has been found out in recent reports that cases of data breaches as well as their corresponding lawsuits are increasing per year between 25 and 30%.
Well known lawsuits such as those involved with Home Depot, eBay, and Target have gained a lot of attention to the issue at hand. Even one Rhode Island lawyer claimed that more lawsuits of this issue are sure to come with the increasing efforts of defense lawyers to find more liability angles.
So, who can help you if you are caught in a data breach situation?
If you have stumbled upon a data breach case, then it is a must to only seek help from 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.
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