A Simple Plan: Services

Why Are the Data Breach Lawsuits Still Unavoidable in the Future?

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, should every company be prepared with data breach lawsuits?

What is data breach all about?

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?

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 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.

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. 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 happens because most likely the company that has been breached had not enough defense just like the incident of Target. To avoid the media spotlight, most companies prefer settlements because it helps them get on with the case quickly.

So, what should one expect with data breaches in the future?

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.

Well known lawsuits such as those involved with Home Depot, eBay, and Target have gained a lot of attention to the issue at hand. 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 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 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.

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