Matthew Yarbrough of Michelman & Robinson. Courtesy photo The Expanding Corporate Responsibilities for Cybersecurity
In the matter of Drizly LLC, the FTC initiated an investigation of Drizly LLC and the company's CEO following a 2020 breach that exposed the personal information of 2.5 million customers.
August 30, 2023 at 10:27 AM
6 minute read
Cybersecurity
Over the past few years there have been an increasing number of cyberattacks impacting both the public and private sectors. According to a 2022 IBM report, data breaches cost U.S. companies an average of $9.44 million in 2022. These costs do not account for reputational harm once a breach becomes public or the potential liability of corporate directors and officers.
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