prepare for data breaches

Businesses Must Prepare for Data Breaches

Data breaches involving businesses are happening all the time. The best way for a company to deal with a hack is to prepare for data breaches before it happens. It does not matter what size your business is, if hackers can easily access personal information stored in your company’s system, they will find a way. Businesses are indiscriminately being targeted and victimized by cyber thieves, and any business could be next. Preparation is key if you want your business to be able to recover quickly after a data security breach.

Here are some interesting hacking statistics from Nationwide Mutual Insurance Company that are relevant to today’s small and mid-sized businesses:

  • 79% of businesses have no idea how they would handle a data breach if it happened to them. They have no plan for how to deal with the breach situation.
  • Of those, 40% believe that their business could not or would not be targeted or affected by cyber attack.
  • And yet 73% of businesses are concerned about a data breach affecting their business.
  • 63% of businesses have been victimized by some form of cyber breach. This includes computer viruses, phishing scams, Trojan horse virus, hacking, data breach, exploited vulnerabilities in unpatched security software, and unauthorized access to customer and company information.

What are Some Ways That Companies Can Prepare for Data Breaches?

When it comes to cyber security, every business needs a plan in case something goes wrong. There are several ways that companies can prepare for data breaches. Below are several good ideas that businesses large and small can adopt in preparation for a data breach:

  • Develop a company policy and response plan for in the event that there is a data security breach at your company.
  • Create a breach response team within your company.
  • Consider purchasing cyber security insurance protection.
  • Identify a security firm that can investigate any breaches that might occur at your business.
  • Understand your obligations and rights concerning any contracts you hold with vendors, suppliers and other parties.

When a data breach is suspected or identified, it is important for your company to conduct due diligence into the matter and take appropriate action. Your business will most likely have legal obligations in the event of a data security breach, and it is important for you to know what those obligations are in advance of a hack taking place.  

Get in Touch With a Data Breach Attorney Today

In preparation for a data breach, you should speak with an experienced data breach lawyer. Revision Legal is a strong team of dedicated and knowledgeable cyber security lawyers. Our team can help you understand what your responsibilities and obligations would be in the event of a data security breach at your company. If you have concerns about what you need to do in the event of a breach, you can contact the experienced attorneys at Revision Legal. Contact us using the form on this page or call us at 855-473-8474.

Image credit to Flickr user nd1012.

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