Data Losses May Spur Lawsuits

From the nations largest financial services institutions to the local YMCA, legal and privacy experts maintain that organizations that inadvertently or secretly expose their customers data will increasingly face legal action.

According to legal experts, most companies are not yet operating under the same type of rigorous data protection statutes that the federal government requires of its branches. That means individuals affected by such data losses at corporate enterprises lack the options available to those who seek legal recourse against a federal government branch.