The ubiquity of smart phones and their apps have reduced the attention span for the masses. People now expect their information in big fonts, nice colors, and pretty pictures.
A staffer at Wilmer Hale, one of the world’s largest and most prestigious law firms, sent client confidential SEC-Whistleblower strategies of PepsiCo, their client, to the Wall Street Journal by accident. How could this happen? Human error, they claim.
As consumer awareness of data privacy issues increases, companies that don’t take their clients’ data privacy seriously are getting hit harder and harder. In healthcare, a Florida healthcare provider paid a $5.5 million fine (a HIPAA record) earlier this year for allowing more than 115,000 patient records to be improperly accessed and disclosed. Last year, Ashley Madison paid almost $1.6 million to settle charges related to Federal Trade Commission (FTC) enforcement of data privacy laws, after the online “cheating” site’s virtually non-existent cybersecurity practices allowed the compromise of all its 36 million users worldwide.