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What to Do About High Data Breach Costs
It's not always good to be Number One. According to a newly released report from the Ponemon Institute, the U.S. is the most costly country in the world in which to have a data breach. In its “2013 Cost of Data Breach: Global Analysis” study, Ponemon reported the total cost of a breach incident in the U.S. to be $5.4 million, or approximately $188 for every exposed record. (The study is available through Symantec at http://bit.ly/16j7W15.)
Lost business costs, such as abnormal turnover of customers, reputational harm and diminished goodwill, associated with a data breach averaged over $3.03 million in the U.S. Notification costs are a leading driver of total breach response costs, and giving notice too soon can raise that cost even higher, according to the report. Although the most expensive breaches were those caused by malicious attacks by hackers or criminal insiders, the majority of breaches ' 63% ' resulted from either negligence or system glitches.
Costs associated with data breaches were highest in heavily regulated industries, such as health care, financial and pharmaceutical businesses. The per capita cost was $233 for healthcare organizations, $215 for financial businesses, and $207 for pharmaceutical companies, all well above the overall mean cost of $136. Public sector organizations and retailers had the lowest per capita cost, coming in at $81 and $78 respectively.
Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
Hyperlinked Documents: The Latest e-Discovery Challenge
As courts and discovery experts debate whether hyperlinked content should be treated the same as traditional attachments, legal practitioners are grappling with the technical and legal complexities of collecting, analyzing and reviewing these documents in real-world cases.
Identifying Your Practice's Differentiator
How to Convey Your Merits In a Way That Earns Trust, Clients and Distinctions Just as no two individuals have the exact same face, no two lawyers practice in their respective fields or serve clients in the exact same way. Think of this as a "Unique Value Proposition." Internal consideration about what you uniquely bring to your clients, colleagues, firm and industry can provide untold benefits for your law practice.
Risks and Ad Fraud Protection In Digital Advertising
The ever-evolving digital marketing landscape, coupled with the industry-wide adoption of programmatic advertising, poses a significant threat to the effectiveness and integrity of digital advertising campaigns. This article explores various risks to digital advertising from pixel stuffing and ad stacking to domain spoofing and bots. It will also explore what should be done to ensure ad fraud protection and improve effectiveness.
Turning Business Development Plans Into Reality
This article offers practical insights and best practices to navigate the path from roadmap to rainmaking, ensuring your business development efforts are not just sporadic bursts of activity, but an integrated part of your daily success.