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For example, assume you have a valuable business contract, and the contract gets cancelled because of something an opponent claimed during a litigation proceeding?A recent appellate court case case confirms that immunity applies to bar claims of interference with contractual relations when the actionable conduct arises out of a litigation case.
Equifax then sent out an internal email requesting its IT department to fix the software, but “an individual did not ensure communication got to the right person to manually patch the application.” The Equifax data breach was a failure in risk management.
As a credit bureau that deals with the personally identifiable information (PII) of 200 million U. customers, Equifax has a legal and moral responsibility to safeguard their customers’ security, and to adopt the proper systems to do so.
It’s my opinion that this scandal is a point of no return for risk management.
While data breaches have abounded in recent years, there has never been one of this magnitude or one that provides every piece of information hackers need to steal our identities.
Leave a paper trail As tempting as it may be to rush into the first date before really getting to know each other online, gathering some basic information about your date is important.
Even if it is just a telephone number and an email address - make sure you have contact details about your date beyond their online user name.
You are under no obligation to meet someone, regardless of how long you’ve been chatting to them, and, if you feel under any sort of pressure to do so, it’s time to move on.
Opt for a neutral meeting place When meeting someone for the first time (read: second, third and fourth) arrange your date in a neutral place - and never accept a dinner invite at a person’s house.
Of course, lawsuits and penalties are piling up around the company’s negligence, but these financial losses are nothing compared to the reputational damages Equifax will suffer—shares fell by 18% following the breach and have yet to fully recover.
What makes this scandal so unique, and therefore a point of no return, is that these reputational damages reach far beyond Equifax.
Litigation can be very disruptive to ongoing business relationships.