Privacy Law Alert: Data Breach Leads to Bankruptcy

Data Breach Resulting in Bankruptcy Declaring bankruptcy as a result of a data breach is a dramatic and potentially avoidable consequence of a data breach – a growing and persistent threat for every company. Recently, the theft of two computer hard-drives containing the medical records of approximately 14,000 people drove a company, Impairment Resources LLC, out of business and left its clients with the resulting liability. This risk, however, can possibly be avoided with relatively simple steps that can both help you avoid a data breach altogether, and mitigate the damage and disruption if one does occur.

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