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Polsinelli - Commercial Litigation
         

  

February 2014

  

Cyber Security: Are You at Risk?

  

 
 

  

     

  

 
 

Commercial Litigation
Leaders:

  

Russell S. Jones Jr.

Practice Area Chair

816.374.0532

rjones@polsinelli.com

  

Stacy A. Carpenter

Practice Area Vice Chair

303.583.8237

scarpenter@polsinelli.com

  

S. Jay Dobbs

Practice Area Vice Chair

314.552.6847

jdobbs@polsinelli.com

  

Author:

  

G. Gabriel Zorogastua

816.374.0537

gzorogastua@polsinelli.com

  

Privacy and Data Security Legal contacts:

  

Tim D. Steffens

816.572.4595

tsteffens@polsinelli.com

  

Gregory M. Kratofil

816.360.4363

gkratofil@polsinelli.com

  

Learn more about our Commercial Litigation Professionals, click here.

  

Learn more about our Commercial Litigation practice, click here.

  

Learn more about our Privacy and Data Security Professionals, click here.

  

Learn more about our Privacy and Data Security practice, click here.

  

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As the recent Target and Neiman Marcus data breaches made clear, cyber security is one of the top threats to business today. These threats can be devastating to companies - damaging customer confidence, the company brand, and the bottom line by increasing costs through remediation costs, lost revenues and customers, litigation, and fines. Governments and customers are now holding businesses accountable for inadequate protection of customer data. Cyber security concerns are now part of doing business, and general counsel and executives should be ready to guide their companies through these complex issues.

Prevention

Prevention is the best way to minimize cyber-security liability. These steps can minimize the cost and likelihood of security breaches. [More ...]

Notification

If a data breach occurs, businesses must immediately determine whether they have notification obligations under federal or state law. Congress has yet to enact comprehensive federal law governing notification in the private sector, so businesses must conduct a state- and industry-specific analysis. [More ...]

Potential Litigation

Businesses should be ready for litigation if a data breach occurs. To see a list of potential claims by private parties and the government, click here.

Conclusion

A business's cyber-security obligations are too complex and industry-specific to outline in a short e-blast. Regardless, it is critical for businesses to be prepared. We recommend that businesses, at a minimum, review, update, and implement their cyber security policies, train executives, and promptly investigate potential security breaches. Polsinelli's litigation team and its dedicated cyber security attorneys are ready to help clients lower their cyber-security risks, analyze their obligations, and minimize litigation exposure should a breach occur.

To download the full alert, click here.

For More Information

If you have questions about this alert, please contact:

  

 
 

  

     

  

 

 

  

     

  

 
 

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