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Start-Ups, Cyber Attacks and Regulations
Tech start-ups are not much different than small businesses, with the added layer of dealing with technology and the associated risks and regulatory schemes. We recently spoke with Christina Gagnier, a Shareholder with Carlton Fields and President of the newly-launched privacy and cybersecurity consultancy CTRL, on the cyber issues specific to start-ups and small businesses. Christina is an experienced technology lawyer whose practice focuses on cybersecurity and privacy, blockchain technology, international regulatory affairs, technology transactions, and intellectual property.
Q: Startups are typically small businesses. As such, are they more vulnerable to cyber-attacks than large companies? What, if any, vulnerabilities are unique to small businesses?
CG: You would be hard pressed to find a business who transacts consumer data that would be immune to cyber-attacks and data breaches. If you are collecting personal information, whether you are a restaurant, a clothing boutique owner, a small medical practice, or a Fortune 500 company, you may be subject to a security breach. It is important to get a handle on what data you are collecting, where it is stored, and what security measures you can put in place to protect that data. The scale of this undertaking will vary with the size of a business, but this is an area with scalability if you work with the right legal and technology vendors.
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