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Tampa cyber law attorney cyber attack damagesCyber threats are a serious and growing risk for American and global businesses. A 2017 study by the Ponemon Institute and Accenture, based on data from over 250 large companies across seven countries, reported an average of 130 security breaches per company in 2017, a 27% increase over the prior year. Ransomware attacks are a particular concern, and the reported frequency of these attacks doubled from 2016 to 2017.

Computer system hackers may be aiming to steal trade secrets, obtain personal data that can be used for identity theft, or simply cause trouble for a business out of spite. Whatever the motive, any type of security breach can cost a business thousands or even millions of dollars in system repair costs and loss of revenue.

Cyber Damages Claims Under Federal and Florida State Law

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Florida cyber security attorney data breachWhen credit reporting giant Equifax announced that millions of consumer records were exposed to hackers by means of a data breach, it was just the latest in the series of recent commercial cyber attacks which have impacted millions of people. Perhaps the primary takeaway from this news is that if this type of breach can happen to a company as large as Equifax, it can happen to any company that maintains digital business and client records.

How Can a Business Protect Company and Client Data?

By most accounts, the breach at Equifax was due to complacency in addressing a software flaw in the company’s website involving a tool which consumers used to contact the company and address issues with their credit reports. Every company should be aware that hackers will seek to expose any flaw in your company’s software or website protocol.

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