It’s the most wonderful time of the year…for cybercriminals. Black Friday, Cyber Monday, and now the January clearance sales present an opportunity for a cyberattack. It has been reported that up to 89% of retailers have experienced a data breach in the past two years. While it is easy to imagine the risks to oneline retailers, data shows that brick and mortar merchants are equally affected.

But it is not just retailers who are under attack. Indeed, it is rare to open a newspaper and not find an article about a recent data breach, as the threat affects nearly every industry. The International Trends in Cybersecurity report from CompTIA found in 2016 that nearly three out of four organizations globally have been attacked by at least one security breach or incident in the past year.

As the number and severity of data breaches have increased in recent years, there has been a corresponding rise in data breach litigation in courts across the country. There are many drawbacks to litigating cybersecurity claims, including time, cost and uncertainty.

To read the full article, go to JAMS ADR.