The Ill Effects of Data Breaches and Why You Need to Only Hire the Best 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 the rapid rise of technology, not only security rises but also cybercrime. 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 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.
Personal information from 40 million debit and credit cards has been 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 where the payment cards of clients are being swiped while they check out.
In the United States, all of the 1797 store branches of Target have been affected greatly.
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 always an expectation because most companies that were breached with the likes of Target do not come prepared with defense. 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. A Rhode Island lawyer even said that lawsuits of this type are on the rise because of the increasing attention being placed upon liability by several defense lawyers.
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 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.