Data Theft, Loss & Breach

The loss or theft of data from a business can potentially:

  • Damage a brand or reputation
  • Diminish consumer or customer confidence
  • Expose a business to state and federal regulations that cover data protection and privacy
  • Expose a business to significant litigation risk

To protect your business in the event a data breach causes loss or theft, your company should develop a data breach response plan to be followed in the event of such loss or theft. Having a response plan in place will make it easier to launch a rapid and coordinated response to any loss or theft of data.

The Federal Trade Commission (FTC) offers guidance on the steps to take once a breach has occurred, including the following measures relating to securing operations, fixing vulnerabilities, and notifying appropriate parties.  

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