When your organization experiences a cyber-attack, you are not alone. The digital age presents more opportunities for hackers to breach information than ever before. According to the Identity Theft Resource Center, as of September 30, 2021, the number of publicly reported incidents of compromised data is 17 percent more than the total number of reported breaches during the 2020 fiscal year.
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Cybersecurity is a top concern for organizations of all shapes and sizes. Whether it be a global organization or a small business, each will inevitably collect and store consumer data that hackers could attempt to steal. While significant events like product launches, mergers and acquisitions, and new vendor partnerships are prime opportunities for attacks, risk still exists in daily operations. Think about the data stored by human resources departments for potential, past, and current employees.
read more A cyber security incident is a stressful and frightening event for an organization’s team. When it comes to putting cyber plans in place, organizations need to prepare for the worst-case scenario since it is no longer a matter of if a breach will occur, but when a breach will occur. Not only do policies need to be in place for preventing breaches, it is also helpful and reassuring to have a broad outline of the steps an organization’s counsel will take to analyze and remediate the problems caused by the incident.
read more Australia has recently taken significant action in the realm of data security that will potentially have global impact. In December 2018, the Australian Competition and Consumer Commission (“ACCC”) released recommendations on ways big technology companies can improve data security.
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