We’ve Been Breached. Now What?
DATA LOSS—U.S.June 25, 2013
Forbes reports on what organizations can do if they are the unlucky victims of a high-profile data breach. “At a minimum,” the article states, “start providing credit monitoring for victims to reduce litigation risk.” That’s according to researchers at Carnegie Mellon University and Temple University who found a six-fold reduction of being sued in federal court for those who provide credit monitoring. The paper, “Empirical Analysis of Data Breach Litigation,” also found a 10-fold increase in litigation if the incident was a cyberattack rather than lost or improperly disclosed data. Meanwhile, the personal data of 47,000 Florida teachers was exposed during a data transfer at Florida State University. The personal information was available online for approximately 14 days, according to the state’s Department of Education.