Privacy and data protection are among the biggest challenges for businesses today. Data breaches and privacy missteps can lead to costly, unanticipated expenses and business disruptions, as well as regulatory enforcement actions and class-action lawsuits. Cyber attacks affect every industry and business in today’s society.
How Likely Are You To Experience A Data Breach?
The number of cyber security incidents is on the rise. A consumer’s personal information is accessed every minute by unauthorized users, according to some estimates. These data breaches affect millions of people every year. Protecting customer information is a top priority for companies, particularly financial institutions.
Hackers have stolen millions of dollars in cryptocurrency and other digital assets in recent data breaches. Most people are at risk of having their sensitive data stolen if adequate safeguards are not in place.
There have been instances in which unauthorized users have gotten access to personal information, including names, birth dates, passwords, and social security numbers. Financial accounts can be accessed, credit lines opened, or unlawful purchases made with the data.
Data Breach Losses
Customers who have been affected by a data breach frequently receive notifications from the company directly. Contact Dimond Kaplan & Rothstein P.A. for a free consultation if you have been informed that your personal information was leaked or compromised during a security breach. You might be able to join a class action lawsuit or get reimbursed for losses caused by identity theft.
Which businesses have experienced significant data breaches?
Cybersecurity incidents and data breaches are a risk for the majority of businesses, regardless of size. The security breach could be catastrophic, costing customers millions of dollars, depending on the kind of institution. For example, a breach involving a video privacy lawsuit could have severe consequences.
Dimond Kaplan & Rothstein, P.A. investigates and litigates cybersecurity and data privacy claims. Contact an attorney at DKR today for a free confidential case evaluation.