Kevin Szczepanski, Data Security & Technology Practice Area co-chair and host of Barclay Damon Live: Cyber Sip, was featured in the Rochester Business Review article “Does Your Website Invite Litigation? Here’s How to Avoid the Risks,” which was republished in the Idaho Business Review with the title “Upward Trend in Tech-Related Litigation Means Tighter Data Control for Companies.” The articles featured insight from leaders in the technology litigation space in Western New York about tech-related litigation trends and how to avoid litigation risks.
Kevin said, “What we’re seeing in the last few years is what I call the paradigm shift from security to privacy. We’re still concerned about security, but we’re increasingly concerned about the effect of a breach or a cyber-attack on the data.”
The three steps companies can take to decrease their risk of tech-related litigation, Kevin advised, are risk management, vendor management, and cyber insurance. “You want to purchase cyber insurance,” Kevin said. “It’s a great tool. Not only can it cover the costs that you incur if you suffer a data breach or a ransomware attack, but it will pay for your defense and any judgment or settlement against you if you find yourself in a data breach class action or other cyber litigation.”
In the event a company doesn’t have cyber insurance, Kevin recommends finding an insurance broker who specializes in cyber insurance for a discussion about the condition of the company’s network, the data it has, and the costs.
Rochester Business Journal subscribers can read the full article here, and Idaho Business Review subscribers can read the full article here.