The Internet of Things (IoT) has exploded in the last few years. From thermostats to cars, thousands of items can now collect, store and transmit data. The question many general counsel are asking is how does this affect data privacy, information security and eDiscovery?
External protection from threats is obviously critical when it comes to cybersecurity. However, as these threats are constantly evolving, ensuring your information governance is effective is another approach to safeguard your data.
In April of 2016, Mossack Fonseca, a law firm in Panama suffered a large data breach resulting from a cyberattack. Known as the Panama Papers, it uncovered the offshore finance information of many billionaires. This resulted in serious investigations which will undoubtedly cause legal consequences for those involved.