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 advancements in technology so does security and cybercrime. So, are data breach lawsuits always an expectation?
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. 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 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.
The personal information contained in 40 million debit and credit cards were reportedly stolen.
Investigators of the said incident found out that the thieves were able to steal these vital information by setting up software on payment terminals. 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.
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. Because of how extensive the harm has brought upon the lives of the victims, the Department of Justice even pushed efforts to delve into the case.
Majority of data breach cases in the past couple of years underwent class-action lawsuits; but, nonetheless, they got settled without having to be taken in the court of law.
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 is the future of data breach cases?
According to majority of reports, data breach incidents as well as their corresponding lawsuits are increasing from 25 to 30% per 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. 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.