Update on Cybersecurity Issues

Cybersecurity is constantly in the news these days as we are inundated with coverage about the latest company to be hacked or the latest multimillion-dollar settlement arising from a data breach incident. Recent case law may have made it easier for consumers to bring lawsuits after their payment card information is stolen. But consumer class actions are only the tip of the iceberg for companies that experience a data breach. Enforcement actions and suits against directors and officers are also likely to be major threats for companies that suffer a breach.