Potential Business Liability for Failure to Secure Consumer Data

• Posted by Geoffrey G. Gussis on September 27th, 2005


• Filed in Risk Management & Compliance

Randy Gainer of David Wright Tremaine LLP has published an article on the dramatic increase in data thefts that have occurred in 2005 - and the litigation that the thefts have spawned:

"In the first seven months of 2005, the personal information of more than 50 million individuals in the U.S. has been stolen by data thieves or lost by U.S. businesses. That’s 10 times the number affected by data breaches in all of 2003, the last period for which comparable figures are available."

Link: Privacy and Security Law Blog: Potential Business Liability for Failure to Secure Consumer Data.