January 04, 2017 Articles

Hacked: Liability for Inadequate Information Security

By Theresa Allyn Queen

Data Breaches and Other Things That Go Bump in the Night
Millions of individuals and companies fall victim to cybercrimes every year. As technology evolves at an exponential pace, corporations become more vulnerable to increasingly severe malicious and criminal attacks. Sophisticated hackers target corporate systems and customer data. Invidious malware including “ransomware” and “denial of service” attacks can devastate entire businesses. Liability can arise from breaches of a company’s own data, that of its customers, or even that of a third-party contractor, vendor, or partner. Hackers have targeted drivers’ licenses and Social Security numbers, patient medical information, credit card data, employee data, student data, company financials, and government records.

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