Cyberattacks and data breaches have increased dramatically in recent years, making it critical for companies worldwide to understand the privacy and data related legal risks faced in the course of doing business. The frictionless flow of information is a defining feature of today's information economy. The ability of accumulating and transferring customer data, employee files, financial records, and other information around the globe quickly and cheaply while an opportunity for business, also presents a new world of risks that such data and other information is susceptible to being stolen by unauthorized internet accessibility, system hacking and other illegal activity.
Privacy and data security laws are continually evolving, vary by jurisdiction, are interpreted unpredictably, and are in a constant state of flux. Even the most well-meaning, conscientious company can make a false step as it captures, uses, transfers and discloses personal information. The same applies to cybersecurity, which is becoming increasingly complex. The consequences can be serious: heavy fines, injunctions, government audits, even criminal liability. Perhaps more importantly, companies that run counter to privacy, data and cybersecurity standards find themselves open to negative media attention and the immeasurable damage of lost consumer trust and confidence.
These risks have led a growing number of internet companies, app developers, and financial and securities firms to adopt sound privacy, data and security practices, ensuring regulatory and legal compliance, protecting their competitive advantage while reducing their risk for loss and litigation.
CMX's Privacy, Data & Cybersecurity practice advise clients on privacy, data and cybersecurity matters, including policies and compliance, breaches and violations, and assist our client’s management and compliance teams in dealing with regulators and enforcement professionals on incident and data breach responses. CMX lawyers also assist clients in reviewing and updating privacy, data and cybersecurity policies, written supervisory procedures and implementing policies and procedures to enhance our client’s control environment.
Please contact Marvin Miller, Head of our Privacy, Data and Cybersecurity practice group, with any inquiries you may have..