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 mean?
A data breach takes place when a service, application, or individual decides to retrieve, access, or view data illegally that is not their own. 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.
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. 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 is most likely the case that happens because companies such as Target do not have the necessary defense for the data breach. To avoid the media spotlight, most companies prefer settlements because it helps them get on with the case quickly.
So, what should one expect with data breaches in the future?
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%.
The issue at hand has become a big deal ever since highly sensationalized lawsuits happened like those of eBay, Home Depot, and Target. 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?
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 capable of formulating data breach responses, advising and protecting companies that have become data breach victims, and protecting one from being liable with data breach.