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 technology’s advancements, do expect security and cybercrime to advance as well. So, should people always anticipate data breach lawsuits?
What is data breach all about?
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 latest data breach news?
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.
It was found that 40 million debit and credit cards have stolen personal information.
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 where the payment cards of clients are being swiped while they check out.
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. With how vast the harm has resulted, it is not surprising that even the Department of Justice have made efforts to dig the case even more.
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 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, which professional should you approach if you come across a data breach situation?
When it comes to data breach cases, you must only seek the services of 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.