How Much Do Data Breaches Cost Businesses?
Data breaches cost businesses millions in fines, lawsuits, and lost customers. Learn the true financial impact and how to reduce your risk.
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Data security involves the practice of protecting computers, mobile devices, databases, and websites from unauthorized access or corruption. Data security is also sometimes also referred to as computer security or information security.
Every kind of data needs protecting, whether it is personal data or business data. Data can include personal identifying information, usernames and passwords, PINs or security codes, credit card information, account or bank information, files, intellectual property, customer lists, financials, analytics, top secret information, and so much more. Data is basically any information that someone else might want for any reason.
When data security systems are breached, they are unlawfully accessed by someone who does not have the authority to have access to the data contained in the system. With so many systems connected to the internet, security breaches happen quite frequently and they are a real problem.
It is important to remember that not all data is worth protecting. Some data is meaningless, while other data can have immense value. For data that has value, it is important to take steps to protect it. There are many different ways that you can protect your data.
Some of the most common safety precautions include:
Taking precautions to help protect data can mean the difference between stolen or hacked data and secured data. Taking safety precautions like those discussed above make unauthorized access of the secured data substantially more difficult to achieve. Safeguard precautions can help you secure your data, but they are not a guarantee that the data will be completely protected.
If you learn that your computer system or business data has been breached, it is important to determine the extent of the breach as soon as possible. If your data has been breached, you need to know:
Revision Legal understands the dynamic nature of data security and data breach issues. Revision Legal has worked with a number of business clients of all sizes to assess data security risks, and, when necessary, provide counsel on how to handle breach notifications in all 50 states. If you have concerns about a data security breach, please feel free to contact the experienced data breach attorneys at Revision Legal. Civil fines are available in some states for a failure to expeditiously notify those affected by breaches. The legal team from Revision Legal can help you today. Contact us using the form on this page or call us at 855-473-8474.
Photo credit to Flickr user Semino1e.
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