Tweet As data breaches have exploded in frequency and scale, it’s no surprise that corresponding lawsuits have also flourished. Do these lawsuits have a common pattern? A recent draft research paper, Empirical Analysis of Data Breach Litigation, takes a look at federal data breach lawsuits to assess the common characteristics. The findings were illuminating: The [...]
Tweet Our guest blogger this week is Karen Barney of the Identity Theft Resource Center (ITRC). As an organization specializing in monitoring and tracking data breaches, the ITRC has come across varying degrees of breaches and reasons for notification due to the varying types of compromised information. We would like to take this opportunity to [...]
Our latest study, Aftermath of a Data Breach Study, was conducted to better understand how a data breach affects organizations over the long term.
The Ponemon study clearly shows that when data breaches occur, the collateral damage of a company’s brand and reputation become significant hard costs that must be factored into the total financial loss.
With the recent spate of data breaches and accompanying class action lawsuits, businesses have constant reminders that an ounce of prevention is worth a pound of cure. The best way to protect your business against the high costs of data breaches is to ensure your security practices and fraud resolution plans are strongly built to ward off malicious attacks and the complications that follow.
Several high profile events throughout the year have kept the spotlight on the issue of data exposures, especially those where millions of consumers information was obtained by malicious hackers. Although the information involved, emails and passwords, does not rise to the level of a “personal identifying information” (PII) breach, it is definitely troubling that such a large number of consumers may become targets of phishing and related attacks, which do attempt to get consumers PII.
It can be unnerving to be told that your information has been compromised in a data breach. The uncertainty of not knowing all the details and the anxiety over what information has been exposed is deeply troubling to many consumers. A breach notice makes us aware of a new risk to our lives that we can’t measure easily.