Last week, the Eastern District of Louisiana joined the growing majority of district courts around the country that have held increased risk of future identity theft or identity fraud posed by a data breach is not sufficient to confer Article III standing on individuals whose information has been compromised but not yet misused.
On April 29, the Department of Justice published its “Best Practices for Victim Response and Reporting of Cyber Incidents”, which is an excellent, easy to read summary of steps companies can take to protect against cybersecurity incidents
Cyber insurance
The risk of a data breach now tops the list of concerns of many in-house counsel and C-suite executives. Cyber insurance is an important component in managing this risk and mitigating the damages and loss that follow a data breach.
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