It's one of the hottest topics for in-house counsel, thanks to the countless data debacles over the past few months and years: Target, Neiman Marcus, Barnes & Noble, etc. Companies have sensitive data, hackers break in, and companies respond with mouths agape, including their in-house counsel, who know a lot about law and little to nothing about encryption and best practices.
We're not going to reassure you by saying, "no big deal," because it is a very big deal -- even if you're a technophobe, you need to have a data breach game plan for when the inevitable happens. Scott Vernick, partner at Fox Rothschild LLP, noted that in 2013, 90 percent of companies reported that they'd been hacked, reports Inside Counsel. "There are only two types of companies, those that have been hacked and those that don't know they've been hacked," he stated.