Naperville Business Attorney on the Importance of Cybersecurity

cybersecurity, online attacks, Naperville Business Planning AttorneyAs a 21st century business owner, you are less likely than ever before to have filing cabinets full of customer information and physical records of business transactions. Instead, much of your recordkeeping is probably done electronically. In some cases, you may even conduct most of your sales in a digital marketplace as well. Like many companies, you probably have access to hundreds, if not thousands, of electronic files containing not only financial records, but the personal information and, possibly, bank account or credit card data of your entire customer base. It is your responsibility to keep such information completely secure, and a Naperville business attorney can help you understand the potential liability, while working with you to develop an appropriate plan for cybersecurity.

Cybersecurity and Digital Concerns

Over the last several years, the number of high-profile electronic security breaches has been almost staggering.  In 2013, more than 70 million credit card numbers were stolen from Target. A year later, another 56 million were taken from Home Depot. Earlier this year, the personal information, including social security numbers, of some 80 million people were lifted from electronic records maintained by health insurance giant Anthem. Most recently, hackers accessed and released the personal information of more than 30 million subscribers to the adultery website Ashley Madison. While such leaks and breaches are more than problematic, risk analysts estimate that less than half of Fortune 1000 companies have sufficient security in place to prevent cyber-attacks.

Develop a Plan

Your customers and business associates have entrusted you with their information with the reasonable expectation that it will be properly protected. It is, therefore, vital to understand your company’s technological needs and potential weaknesses. While a cyber-attack or a data breach at your company may not be big enough to make splashy headlines, your customers, your reputation, and your livelihood could all be severely impacted. The Federal Communications Commission offers a fairly basic resource for creating a cybersecurity plan, but depending on your particular needs and areas of focus, you should consider consulting a professional security firm.

Ongoing Updates to Your Cybersecurity

Implementing cybersecurity is not a one-time effort. It requires constant monitoring and, in many cases, upgrading, as potential threats become more advanced. By working closely with your security provider, you can remain vigilant against online attacks and data breaches well into the future. You should also include your business attorney in your cybersecurity planning, so that possible liabilities can be identified and addressed. Thus, your legal and financial interests can remain just as protected as your electronic records and files.

If you are a business owner, it is vital that you uphold the trust your customers have placed in you. Likewise, the experienced Naperville business law attorneys at the Gierach Law Firm work hard to uphold the trust our clients have placed in us. We are prepared to help you develop a plan for protecting your company, both physically and electronically. Call us today at 630-756-1160 to schedule a consultation.

 

Sources:

http://www.wired.com/2015/08/happened-hackers-posted-stolen-ashley-madison-data/

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