As the internet of things, cloud computing and artificial intelligence have become a part of our everyday discourse, the cyber threats they introduce are rapidly evolving. These new types of breaches are causing more confusion about liability.
At the end of last year alone, we saw a federal judge in California uphold a ruling that allowed victims of the Yahoo breaches to file lawsuits against the company. In 2017 Anthem Health Insurance had to pay $115 million to victims after it was revealed the company had a second, massive breach. Both are unprecedented rulings.
What we’re seeing from these new and evolving breaches is that our legal process surrounding them is all over the place. And different agencies currently get involved at various points, including the U.S. Consumer Product Safety Commission, the Federal Trade Commission, the PCI Security Standards Council and state regulators, such as New York State’s Department of Financial Services.
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