Andrew Baer and Chris Dodson discuss the significant costs and potential liability issues faced by the victims of the SolarWinds Corp. cyberattack in an article published by Bloomberg Law. Andrew and Chris outlines some steps that companies potentially affected by the cyberattack should be taking to assess damage and limit liability.
The outlined steps include a forensic investigation which depends on factors such as the number and types of devices and systems on a network, the geographic distribution of the network, and whether the customer already had a contract with a security vendor to provide such services in the event of a security incident. Taking proactive steps to address potential liability, where limits to what a company can do to minimize its liability brought to the forefront. Finally, accessing future risks and taking compliance steps which will highlight what security measures are reasonable.
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