Data breaches represent a growing threat to businesses across the U.S., with Florida ranking fourth in reported incidents. A recent survey highlights the spike in class action litigation following breaches, emphasizing that businesses often fail to safeguard personal information. The Florida Information Protection Act (FIPA) compels entities to adopt reasonable security measures for electronic data protection. Although absolute prevention isn't achievable, effective safeguards can reduce breach risks and strengthen a business’s legal position if an incident occurs. The average monthly class actions for data breaches has significantly increased from 20.6 in 2022 to 44.5 in 2023, stressing the current concern.
The monthly average of 2023 data breach class actions was 44.5 through the end of August, up from 20.6 in 2022.
Florida businesses need to know about the Florida Information Protection Act (FIPA) which mandates that certain entities implement reasonable measures to protect electronic data.
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