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Consequences of Getting Hacked

Posted on in Cyber Crime

b2ap3_thumbnail_Untitled-design-22.jpgEven when you take proactive steps to protect your company’s network and stored data, there are individuals constantly looking for opportunities to expose and exploit any weaknesses. Hacking is a major issue facing companies and, if the news is any indication, electronic thieves and computer hackers are showing no signs of reducing their illegal and damaging activities.

Companies are Being Hit by Hackers

There have been a number of high-profile hacking incidents that made the news over the past few years that impacted major retailers and financial institutions, as well as their customers and clients. The latest company to fall victim was the ride-sharing business, Uber.

  • The loss of information, be it customer profiles or privileged company data, is often the most frequently cited problem. Businesses might spend millions attempting to recover or rebuild lost or deleted data, resources that might have to be drawn away from other business-critical projects.
  • An illegal incursion into one’s computer or network is an immediate and severe breach of privacy. Once in, hackers can see everything stored there.
  • When a company is hacked, it can result in severe damage to a business’s reputation within its industry and to its customers and clients. The loss of trust can negatively impact one’s ability to conduct business for years to come and result in millions of dollars in lost revenue.

Companies may also find themselves facing a long, expensive, and very public class-action lawsuit by those whose personal and private information was compromised by a business’s inability to safe keep that data. In the case of Uber, the company is now the target of an investigation by the attorneys general of no fewer than five states and litigation in three separate states. The company is communicating with the Federal Trade Commission as a result of the hacking incident and subsequent actions taken by company officials.

Proactive measures are a great way to defend against hacking. However, should one experience a breach in network security, it is important to have a plan of action that might minimize the consequences moving forward.  

Consult an Experienced Florida Cyber Crime Attorney for Sound Legal Advice

Whether you need clarification regarding applicable provisions of the Computer Fraud and Abuse Act and other federal laws governing illegal online activity, or you need to pursue action following a hacking incident to your network, your best course is working with a knowledgeable Tampa cyber law and digital torts attorney. Nelson Cyber Law, PLLC uses years of experience and vast resources to help clients obtain the relief they need. Please call 800-440-5536 to schedule an informative and free initial consultation to determine the proper course of action.

Sources:

http://www.chicagotribune.com/bluesky/technology/ct-biz-uber-hack-lawsuit-20171124-story.html

https://itstillworks.com/negative-effects-hackers-2867.html

 

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