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The Importance of Cyber Vigilance: Control Liability and Litigation Exposure
Cyber incidents occur daily. In its H1 2023 Data Breach Analysis, the Identity Theft Resource Center (ITRC) reported that data compromises are about to set a new record. There was an increase of 114% in reported data compromises from 2023 Q1 to Q2 reflecting the highest number of breaches ever during a quarter. (See, H1 2023 Data Breach Analysis: 2023 Data Compromises Are on a Blistering Pace to Set a New Record (Identity Theft Resource Center, 2023); Austin, Doug. "Most Data Breaches in a Quarter Ever, Reports. ITRC: Cybersecurity Trends" (eDiscovery Today July, 12, 2023).) According to Cybercrime Magazine, by 2025 the global damage from cybercrimes is forecasted to reach $10.5 trillion. (See, Wise, Jason. "15 Urgent Cybersecurity Statistics in 2023" (Earthweb Aug. 17, 2023).)
Cyber incidents threaten an organization's data management and retention capabilities, business operations, and client relationships. Even organizations with sophisticated security systems can be at risk.
But what is worse than a breach and attack? That would be the resulting class action lawsuit or other liability for failing to prepare and respond well. This increases costs and can damage reputation, but the good news is it can be addressed with proactive planning. While no organization can eliminate cyber risk, applying professional teamwork to the problem can lessen the blow. Having professional staff and outside partners with the right knowledge and resources is the key to advancing good cyber health, remaining compliant, and avoiding that class action lawsuit.
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Bonus Content: How Emerging Technologies Are Impacting IP: A Chat With Legalweek Speaker Ryan Phelan
A Q&A with conference speaker Ryan Phelan, a partner at Marshall, Gerstein & Borun and founder and moderator of legal blog PatentNext, to discuss how courts and jurisdictions are handling novel technologies, the copyrightability of AI-assisted art, and more.
Overview of Regulatory Guidance Governing the Use of AI Systems In the Workplace
Businesses have long embraced the use of computer technology in the workplace as a means of improving efficiency and productivity of their operations. In recent years, businesses have incorporated artificial intelligence and other automated and algorithmic technologies into their computer systems. This article provides an overview of the federal regulatory guidance and the state and local rules in place so far and suggests ways in which employers may wish to address these developments with policies and practices to reduce legal risk.
Is Google Search Dead? How AI Is Reshaping Search and SEO
This two-part article dives into the massive shifts AI is bringing to Google Search and SEO and why traditional searches are no longer part of the solution for marketers. It’s not theoretical, it’s happening, and firms that adapt will come out ahead.
While Federal Legislation Flounders, State Privacy Laws for Children and Teens Gain Momentum
For decades, the Children’s Online Privacy Protection Act has been the only law to expressly address privacy for minors’ information other than student data. In the absence of more robust federal requirements, states are stepping in to regulate not only the processing of all minors’ data, but also online platforms used by teens and children.
Revolutionizing Workplace Design: A Perspective from Gray Reed
In an era where the workplace is constantly evolving, law firms face unique challenges and opportunities in facilities management, real estate, and design. Across the industry, firms are reevaluating their office spaces to adapt to hybrid work models, prioritize collaboration, and enhance employee experience. Trends such as flexible seating, technology-driven planning, and the creation of multifunctional spaces are shaping the future of law firm offices.