Court Dismisses Cyber-Attack Lawsuit Against P.F. Chang's for Lack of Actual HarmPDF
David Lee's article, "Court Dismisses Cyber-Attack Lawsuit Against P.F. Chang's for Lack of Actual Harm," was published on January 21, 2015 on HospitalityLawyer.com's blog, Converge.
From the article...
"Open a newspaper on any given day, and chances are that you will read about the impacts of a new cyber-attack: accessed consumer profiles, hacked credit card information, leaks of personal customer information, etc. The March 2014 Cost of Data Breach Study: Global Analysis (sponsored by IBM), reports that the average cost to a company suffering a cyber-attack is now approximately an astounding $3.5M (an increase of 15% over 2013). Not surprisingly, the number of cyber-attacks is rapidly increasing, and virtually every type of business is a potential target, including those in the food and beverage industry. As cyber-attacks increase, so do class-action lawsuits alleging businesses have inadequately maintained their security measures. Consequently, in addition to suffering the public relations nightmare associated, the victimized businesses must also incur the high costs of defending themselves against these lawsuits."