John Amabile co-authored a guest article in the Daily Report about the multitude of laws and regulations concerning disclosure of data breaches.
"In short, if you are a company that does business in multiple states and suffers a data breach, you might find it difficult to comply with all applicable state laws," John and his co-author wrote. They discussed the growing list of regulators getting involved in cybersecurity and data privacy, and they analyzed recent charges announced by the U.S. Attorney's Office in Atlanta over a company delaying notification of a breach.
"Data security issues, by all accounts, are in the forefront of the mind of general counsel around the country,” they continued. “The risks – reputational, financial and otherwise – of suffering a data breach are enough to keep people awake at night. However, the risks associated with balancing the multiple concerns of when to disclose a significant data breach may be the bigger risk to a corporation’s bottom line.”
Subscribers can find the full article here. Daily Report is the premier source for legal news in metro Atlanta and the state of Georgia.