In the below article, CEO Law’s Shan Alavi discusses the high cost of data breaches and the heavy legal burden imposed on organizations that necessitates the use of a comprehensive legal strategy, which includes:
- using traditional legal risk allocation strategies like proper contract drafting, and cyber risk insurance to allocate legal risk between various parties to reduce liability,
- the implementation of an established cyber-security framework, and
- utilizing privacy-by-design concepts to create or alter existing organizational processes.
Note: This is a pre-copy edited, post-peer reviewed version of the contribution accepted for publication in The Advocates’ Quarterly. Reproduced by permission of Thomson Reuters Canada Limited.