An article from Out-Law on 6 January says that a speedy response can enable businesses to minimise any economic loss and business interruption they might experience, and it can also help them to limit the extent of that breach and meet reporting requirements they may be subject to. With a focus on Hong Kong, the article highlights the heightened risk environment businesses are operating in. Any business can be impacted by a data breach, and when there is a breach of security of data and when personal data is involved, it is likely to constitute a breach of data protection principles. The law firm behind Out-Law found that the way businesses organise the data they hold and address security weaknesses identified in the aftermath of cyber incidents has come into sharp focus from regulators across the globe. The article details the important information that businesses should seek to decipher in the immediate aftermath of a data breach, and what needs to be considered after the incident.
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