Security News > 2020 > December > Don't let a data breach sink your business: Here's what you need to know

Experts offer insights about the legal and financial hits, as well as the devastating loss of reputation, your business might suffer if it is the victim of a data breach.

The consequences of a data breach involve a complex sequence of events specific to the victimized business and its responsibilities to regulators, governments, and customers.

Some of the most important challenges that may arise after a data breach include disruption of business operations, loss of investor and customer trust, and even civil litigation, said a team from Proskauer Rose LLP in the May 2020 article Cybersecurity: Threats, Consequences, and the Regulatory Framework by Alexandra Bargoot, Margaret Dale, Anthony Drenzek, and Samuel Waldon.

"Some states only require that an entity notify the attorney general and only if the breach hits a particular threshold, while others require that entities notify individuals that a breach has occurred compromising their information no matter the significance."

"The damage a data breach can have on a business can be devastating, particularly if the breach was an avoidable one or put customer data at risk," said Maddie Davis in her July 2019 Cybint article, 4 Damaging After-Effects of a Data Breach.

News URL

https://www.techrepublic.com/article/dont-let-a-data-breach-sink-your-business-heres-what-you-need-to-know/#ftag=RSS56d97e7