Cybersecurity: The Increasing Obligations and Exposure in the Age of State Regulation
By Frank Peretore, Robert L. Hornby, Michelle A. Schaap and Brigitte M. Gladis
In response to the ever-increasing number of high-profile data breaches, the federal government and the states are turning to regulations and legislation through which businesses must implement cybersecurity safeguards to protect customer information. Many of these measures also make private businesses responsible for monitoring affiliates and third-party vendors. Failure to comply may lead not only to a state enforcement action but also private lawsuits.