If you are an in-house counsel, you probably don’t question whether you will experience a serious data loss at your company, but rather when the loss will occur. It’s pretty clear that the loss of trade secrets, personal employee data or confidential customer information can cause serious harm to a company’s reputation. It could even lead to civil litigation if the data loss breaches nondisclosure obligations.
Recent case law has proven just how much of a legal duty companies have to properly safeguard data. And states have started to pass laws requiring companies to warn those who may be affected by data security breaches.
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