Check out this podcast discussion on the rise in privacy class actions brought by plaintiffs under state law—and how the courts are reacting to these causes of action. Privacy, Cybersecurity, and Data Breach Litigation: Key Laws and Considerations Learn more about the key legal ...
Notify affected parties.Once systems and software are back online, the final step is to notify all relevant parties of the data breach and what it means to them from a data theft standpoint. This list varies depending on the data in question. However, it often includes the following: legal ...
and in no case later than 60 days. Notice should include a description of the breach, to include: the types of information that were involved; the steps individuals should take to protect themselves, including who they can contact at the covered entity...
38 If you find out your info is part of a data breach, stay tuned for any lawsuit settlements. What Can I Do to Protect Myself From Data Breaches? Here’s the bad news: In this digital age we live in, there’s no way to 100% guarantee you’ll never be part of a data breach...
Third-party cyber insurance will cover defense costs and settlements in the event that someone outside your business is affected by the breach and decides to sue you for damages. A cyber insurance policy can be seen as the last line of defense that can turn a disastrous data breach into a...
Information Security News on top Risk Management, Technology, Fraud and Compliance issues on data security breach
1.47 million on average. The price of detecting and containing the breach is even higher at USD 1.63 million. Post-breach expenses—including fines, settlements, legal fees, providing free credit monitoring to affected customers and similar expenditures—cost the average breach victim USD 1.35 ...
Data breach incidents have various consequences, the most common impact being financial losses and business disruptions. As of 2023, the average data breach cost across businesses worldwide was 4.45 million U.S. dollars. Meanwhile, a leaked data record cost about 165 U.S. dollars. The United ...
A medical supply firm will pay $3 million to settle issues found by a HIPAA investigation into a breach. Also, a public health system will pay $60,000 to resolve a right-of-access dispute. The cases are among the latest in a spate of HIPAA enforcement actions as the Biden administration...
Incident response is a crucial aspect of data security. It involves preparing for, responding to, and learning from security incidents. An effective incident response plan can help you mitigate the damage of a data breach, recover from it quickly, and prevent it from happening again in the futu...