Legal Ramifications of Data Breaches
In one of our previous posts, we discussed how organizations can protect themselves against a costly data breach and briefly touched upon some of the expenses companies incur once they have been breached.
With federal data breach notification laws now in effect across the US, and similar laws in place in most European countries, organizations who suffer a cyber-attack are legally required to report the breach, opening the door to negative publicity and a whole raft of associated costs.