Partnering With In-House Counsel to Preserve Attorney-Client Privilege in Data Breach Probes
With the number of security incidents and data breaches drastically increasing each year, organizations often feel as though they are scrambling to protect their data and confidential information.
July 18, 2023 at 11:07 AM
13 minute read
With the number of security incidents and data breaches drastically increasing each year, organizations often feel as though they are scrambling to protect their data and confidential information. In 2022 alone, 83% of organizations experienced at least one security incident or data breach, which coincided with a 13% increase in the total number of ransomware attacks from the previous year. Keman Huand, Xiaoqing Wang, William Wei, and Stuart Madnick, "The Devastating Business Impacts of Cyber Breach," Harvard Business Review (May 4, 2023). Security incidents and data breaches not only pose a security risk but expose organizations to an increased threat of litigation. As a result, enumerated crisis management strategies (from security incident or breach and privilege perspectives) should be fleshed out, vetted, and endorsed, not only to maintain reputation but avoid, limit, and navigate potentially protracted and costly litigation.
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