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The Importance of Cyber Vigilance: Control Liability and Litigation Exposure
Cyber incidents occur daily. In its H1 2023 Data Breach Analysis, the Identity Theft Resource Center (ITRC) reported that data compromises are about to set a new record. There was an increase of 114% in reported data compromises from 2023 Q1 to Q2 reflecting the highest number of breaches ever during a quarter. (See, H1 2023 Data Breach Analysis: 2023 Data Compromises Are on a Blistering Pace to Set a New Record (Identity Theft Resource Center, 2023); Austin, Doug. "Most Data Breaches in a Quarter Ever, Reports. ITRC: Cybersecurity Trends" (eDiscovery Today July, 12, 2023).) According to Cybercrime Magazine, by 2025 the global damage from cybercrimes is forecasted to reach $10.5 trillion. (See, Wise, Jason. "15 Urgent Cybersecurity Statistics in 2023" (Earthweb Aug. 17, 2023).)
Cyber incidents threaten an organization's data management and retention capabilities, business operations, and client relationships. Even organizations with sophisticated security systems can be at risk.
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Bankruptcy Sales: Finding a Diamond In the Rough
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A Lawyer's System for Active Reading
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Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.