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, should people always anticipate data breach lawsuits?
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. 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 incident found out that the thieves were able to steal these vital information by setting up software on payment terminals. These payment terminals are what clients use to swipe their payment cards when they check out.
In the United States alone, all 1797 Target store branches have been affected by this breach.
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.
Most data breach cases that have happened in the previous years have come across class-action lawsuits but then they were settled thus no longer facing some time in court.
This is most likely the case that happens because companies such as Target do not have the necessary defense for the data breach. Settling is the only way for these companies to finish the case in no time without having to deal with media coverage.
So, what happens with data breach cases in the future?
According to majority of reports, data breach incidents as well as their corresponding lawsuits are increasing from 25 to 30% per year.
Since the lawsuits that involved well-known companies like Target, Home Depot, and eBay have gained media attention, so does the issue itself. 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, which person must you seek some help if you have stumbled upon a data breach scenario?
If you get caught in a data breach situation, it is important that you hire only the best data breach lawyers. Data breach lawyers have the necessary experience when it comes protecting being caught in a data breach liability, advising and protecting companies who are victims of data breach, and formulating data breach responses.