The Great Cost of a Data Breach or Privacy Error
Whether starting a business, continuing existing operations, or taking a pause during Coronavirus restrictions, consider the back-end costs associated with data breaches and privacy violations. While the amounts depicted below reflect each offender's net-worth and the magnitude of its error, smaller or privately-owned entities are not immune.
An e-commerce website can be subject to data-breach notification regulations from 50 different states, FTC Act provisions, and individual state privacy laws. Violations may not only result in penalties assigned by state attorney general offices, but also lawsuits by private citizens. Minor prevention measures and policies implemented by attorneys fluent in information security and privacy laws, in conjunction with internal technology professionals, provide protection and peace of mind.