Why Are the Data Breach Lawsuits Still Unavoidable in the Future?
Even if you have employed all the necessary cyber security precautions, your company is still not a hundred percent safe from cyber criminals, nation-state actors, and hackers.
With technology’s advancements, do expect security and cybercrime to advance as well. So, are data breach lawsuits always an expectation?
What does data breach mean?
A data breach happens when a person with the use of any service or application gains access to personal data that they can view without authority. It is the kind of security breach that steals one’s data or publishes such data to an illegal location or one that is unsecured.
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.
It was found that 40 million debit and credit cards have stolen personal information.
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.
By the end of the year of 2013, 15 lawsuits have been filed ensuring to seek millions of dollars in exchange for the damage that was done. The harm was indeed extensive which even propelled the Department of Justice to carry out its investigation on the breach.
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. 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 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.