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 rise of technology, not only security rises but also cybercrime. So, should people always anticipate data breach lawsuits?
What does data breach encompass?
A data breach takes place when a service, application, or individual decides to retrieve, access, or view data illegally that is not their own. This particular kind of security breach makes sure that certain data is stolen and then published in an unsecured, unknown, or illegal location.
So, what is the latest data breach scope?
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 delved into the incident and determined that payment terminals have been breached with a software that lets the thieves steal personal information. These payment terminals are what clients use to swipe their payment cards when they check out.
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. 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 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?
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. 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?
When it comes to data breach cases, you must only seek the services of 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.