From: ITProPortal
By Jack Danahy
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5) A rise in civil liability settlements will force industries to classify practical cybersecurity requirements
Prior to 2014, almost every class action suit filed against companies who lost customer or employee private information was dismissed, citing a lack of provable, proximate damages to the victims. In 2015, we saw more settlements from large companies (Sony, Target) and smaller organisations (AvMed, New York and Presbyterian Hospital, R.T. Jones). Suits are also moving forward between insurance companies and those insured for cyber protection over what should be covered and whether policies are being breached.
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