What Are the Financial and Reputational Implications of Information Security Legislation
What Types of Lawsuits Can Be Brought Against a Company that Doesn’t Comply with the Current Information Security Laws and How Costly Are They?
If your company is found in a breach of any of the legislation I outlined in Chapter 2 you will be at risk of a potential lawsuit. This chapter I’m going to discuss the different types of lawsuits that your company would be facing and what the financial implications this would mean for your company. In Canada, class action lawsuits tend to fall into three categories: (1) Employee errors (2) Employee misconduct, and (3) data breaches.
Employee Errors: This is a situation where an employee does something ...
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