Data breaches are increasing in frequency each and every week and no law firm, nonprofit, hospital, government agency, or individual is immune, concludes Judy Selby at Baker Hostetler.
As all entities, particularly health care providers, law firms, financial institutions, and retailers, continue to gather and store more and more personal and protected information every year, the risk of a data breach grows in turn. Cyber-assaults are continuously taking place, with ever increasing levels of sophistication. In fact, the Ponemon Institute's "Second Annual Cost of Cyber Crime Study" reports that the 50 organizations participating in its survey experienced 72 successful attacks per week.
Reputational damage will result as well if you experience a breach. Heed this well and invest in the proper insurance to mitigate the risk of a cyber attact.
Read "Why Risk Data Breaches?" on Law.com.
Note: Attorney policyholders with ALPS are extended cyber liability insurance on an opt-out basis. Learn more about the coverage here.
Kiffin Hope+ is the Social Media Community Manager for ALPS. He runs the ALPS 411 law blog, working with contributors from around the country. His posts cover tech, cyber security threats, and smartphones.