The Ill Effects of Data Breaches and Why You Need to Only Hire the Best Data Breach Lawyers
No matter how much effort you put into the security measures, your company is still not a hundred percent safeguarded from hackers, nation-state actors, and cyber criminals.
With the rapid advancements in technology so does security and cybercrime. So, are data breach lawsuits always an expectation?
What does data breach encompass?
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 is the latest data breach scope?
Between the 27th of November and the 15th of December in the year 2013, the popular store, Target, became victim of data breach just as the busy holiday season is fast approaching.
The personal information contained in 40 million debit and credit cards were reportedly stolen.
Investigators of the said case discovered that it was the payment terminals where the thieves were able to install a software to steal vital information. These payment terminals are what clients use to swipe their payment cards when they check out.
In the United States, all of the 1797 store branches of Target have been affected greatly.
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. The harm was indeed extensive which even propelled the Department of Justice to carry out its investigation on the breach.
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?
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.
Well known lawsuits such as those involved with Home Depot, eBay, and Target have gained a lot of attention to the issue at hand. 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, who can help you if you are caught in 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 have the necessary experience when it comes protecting being caught in a data breach liability, advising and protecting companies who are victims of data breach, and formulating data breach responses.
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