Private Equity/Venture Services

A Year of Lessons Learned From 2010

Of all the pitfalls and challenges that businesses faced in 2010, the most overlooked issues may have been data security and the collection of consumer data, whether it be online or offline.  Although there were fewer data security breaches reported last year than the previous year, frequency is distinct from severity, and businesses must remain vigilant.  Data security issues are the quintessential iceberg: a recognized threat at the surface level, but capable of causing ruinous damage in a worst-case scenario – an average $6.6 million in costs and expenses according to one study.

Read the entire data security article authored by our data security attorneys.