Photo: ntinai/Adobe Stock Data Vendors Used to Have 'Unlimited Liability' for Breaches—but Not Anymore
As the cyber risk that businesses face continues to expand, data processing vendors may find themselves in more protracted negotiations over who will absorb the bulk of the liability.
April 30, 2021 at 03:48 PM
4 minute read
Cybersecurity
Nobody wants to be left holding all of the legal jeopardy when a data breach exposes the personal information of thousands of consumers. But where companies used to be able to forge deals with data processing and storage providers that foisted the majority of the liability for a breach into the arms of the vendor, an increasingly complex web of global privacy laws and the advent of remote working may be tipping the balance of power.
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