As data privacy regulations proliferate and more data breaches are announced, companies are placing more pressure on their vendors to secure their data. In turn, more companies are including cybersecurity language in contracts and auditing their vendors—but when a service provider fails to meet those standards, they usually don’t immediately pull the plug on the relationship.
If a client isn’t based in heavily regulated industries such as finance or health care, or a data breach incident didn’t occur, lawyers say companies will give their service providers leeway to quickly correct their security shortcomings. Langley & Banack shareholder and cybersecurity and data privacy attorney Natalie Friend Wilson explained most vendors and clients agree to include cure provisions that allows a vendor to address a client’s cybersecurity concerns within 30 to 90 days.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
