A CISO’S GUIDE TO PREVENTING DOWNSTREAM EFFECTS (AND LITIGATION) AFTER A BREACH
How many third-parties does your organization work with? Seventy-one percent of organizations state that their third-party network includes more businesses than it did three years ago.
In the next three years, the same percentage of organizations expect that their third-party partnerships will expand even further. Third-party partnerships are valuable, multi-faceted tools until a security breach occurs. At that point, the downstream effects of a breach can lead to contractual obligation failures and litigation.
Ensuing breach litigation can be extremely intense and can impair businesses; rupturing business relationships, tarnishing reputations, and exhausting financial resources, among engendering other negative impacts. In some cases, breach litigation is a business extinction-level event.
In this cyber security whitepaper, we’ll address key ways to reduce downstream liability issues in the event of a breach, with an emphasis on how to prevent legal battles. After reading this whitepaper, if your business experiences an attack that affects your third-party contacts, you will be in a stronger position to refute any litigation that may arise.