Your company is still responsible even if your data breach was caused by a third party.
I presented at the Institute of Internal Auditors 9th Annual Fraud Summit on The Legal Side of Data Breach and Third Party Risk. My co-presenter was Christopher Mitchell of Crowe Horwath. The following are the presentation slides used for my part of the presentation.
Key Takeaway: Your company is still responsible for a data breach even if it was caused by a third party.
Shawn Tuma is an attorney who is internationally recognized in cybersecurity, computer fraud and data privacy law, areas in which he has practiced for nearly two decades. He is a Partner at Spencer Fane, LLP where he regularly serves as outside cybersecurity and privacy counsel to a wide range of companies from small to midsized businesses to Fortune 100 enterprises. You can reach Shawn by telephone at 972.324.0317 or email him at stuma@spencerfane.com.
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Businesses need to realize this, good reminder, Shawn.
Businesses need to realize this, good reminder, Shawn.