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 mean?
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. 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?
It was during the year of 2013 in the period between November 27 and December 15 where shopping for the holiday season is fast approaching that the popular Target store became a victim of data breach.
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. 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.
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 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.
Since the lawsuits that involved well-known companies like Target, Home Depot, and eBay have gained media attention, so does the issue itself. One lawyer from Rhode Island even claimed that more lawsuits of this kind are coming because of several defense lawyers looking into different liability aspects.
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 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.