Originally published in THE RECORDER February 3, 2012 edition
At the same time as we begin to emerge from recent financial dislocations and economic turbulence — and as we face continued uncertainty in the Eurozone, election politics and regional conflicts — businesses face increasing risks from technological failures, cybercrime and data-privacy violations.
According to a recent study by Lloyd’s of London, cyber-risk — both malicious attacks and nonmalicious ones — is approaching the top 10 of risks threatening businesses worldwide. In the U.S., malicious attacks were ranked in the top five. Last year, hackers succeeded in attacking government networks in the U.S., India and Brazil. Data breach in various forms has struck major financial institutions, pharmaceutical companies, manufacturers, stock exchanges, defense manufacturers, electronics manufacturers and Internet-based businesses. Statistics from a year ago estimated that cybercrime was costing companies $114 billion, with $96 billion in the U.S. alone.
Please see full Article below for further information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.