The news regularly reports on data breaches and cybersecurity. While we read about the largest breaches — Equifax, Uber, Home Depot, Target, JP Morgan, Wyndham — probably every business has been hacked and will be hacked again. This is not only an international problem, but also a local problem. You might fall out of your chair if you knew how many local businesses (including law firms) have had significant data breaches. We are now in the cybercrime era. Data breach is a new form of organized crime, not the type we understand from movies like The Godfather. This is a group of people who may have never met each other, working from basements and bedrooms in hoodies and pajamas, organized for the sole intent of ripping us off.” Continue reading
The news regularly reports on data breaches and cybersecurity. While we read about the biggest breaches – Home Depot, Target, Anthem, JP Morgan, Wyndham – probably every business has been hacked and will be hacked again. According to a 2015 IBM study, the average cost of the 350 major data breaches it studied in 2014 was $3.8 million. This is an issue that demands everyone’s attention.
This article is a business and legal primer to advise on how to protect against, and respond to, cybertheft. It’s neither legal advice nor a detailed how-to manual. Rather, it’s a guide for developing a data privacy protection and cybersecurity plan appropriate to any business. Continue reading
Shumaker was the proud sponsor of an interactive discussion on Cybersecurity and Data Breach this morning. Together with the ACC, Charlotte Chapter’s Manufacturing Affinity Group, Shumaker sponsored a panel discussion: The Cat’s Out of the Bag: How to Manage a Cybersecurity Breach and Defend Against Liability (sponsored by Shumaker, Loop & Kendrick, LLP)
When: September 15, 2016 8-9:30am Café Monte
Scott La Porta, Shumaker, Moderator
David A. Katkowski, Special Agent, FBI Charlotte
Kevin Zolot, Assistant US Attorney, Western District of NC
Grady Kellogg, Lockton Companies
JoAnne Laffey Abed, Bright+Co. Marketing Agency
James Bitzes, Ernst & Young
Panel Discussion: Managing a cybersecurity breach can be a daunting task and the ramifications of a breach can be detrimental to your supplier and customer relationships, your employees, and your most valuable business assets. This Q&A Session will be led by a panel of experts including representatives from the FBI, the US Attorney General’s Office, and the Cybersecurity Consulting, Insurance, and Public Relations industries who help manage these issues every day. They will answer your questions regarding cybersecurity breaches as they relate to your supply chain, your employees’ and customers’ personally identifiable information, and your confidential information/IP Assets.
Shumaker attendees included: David Conaway, Scott La Porta, Warren Kean, Jim Culbreth, Josh Hayes, Heidi Team and Cheryl Elgin.
The 2016 BDO Manufacturing RiskFactor Report examines the risk factors in the most recent 10-K filings of the largest 100 publicly traded U.S. manufacturers across five sectors including fabricated metal, food processing, machinery, plastics and rubber, and transportation equipment. The factors were analyzed and ranked by order of frequency cited.
How is your company addressing these risk factors?