This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
01/26/2021
A Look at the Legal Consequence of a Cyber Attack
The State of Security
Is your system 100% ready to face the severest cyber-attack and mitigate the risk of a possible data breach? If you are unsure about your cyber-safety structure, then it’s time to upgrade it. Otherwise, you could be at risk of lengthy legal battles that result in hefty fines. Beyond that, the cost in terms of reputational loss could be catastrophic if not handled meticulously by professionals within a reasonable time. Despite the best cybersecurity practices, cyber-attacks and data breaches are on the rise. Be it personal, financial, health, intellectual property or IT security information, data theft is a constant threat for everyone.
Compared to 2018, reported data breaches in 2019 jumped by 33.3%, and record breaches jumped by 112%, according to a Risk Based Security research report. Unfortunately, there hasn’t been a commensurate rise in organizational preparedness to lower the risk of cyber-attacks. A Kaspersky study showed that over 57% of respondents don’t have a cyber-security policy in place, and in cases of medium-size businesses, the number jumps to 71%. This means smaller and medium-sized enterprises are at greater risk of legal consequences if they fail to follow relevant laws of the land.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information