Cloud service providers, especially those who are getting into the Big Data business need to understand the exposure they potentially face in the event of a data breach or hack that results in private information being compromised.
With awards being granted of $2500 – $5000 per person in class action suits, the financial risks can be tremendous.
The cloud may be huge, but it’s also risky and expensive
Thanks to Sharon Klein and Lexology
Class actions adding to the cost of data breaches – Lexology