Hackers perpetrate at least six data breaches every day – and 58 percent of the victims are small businesses, according to the Data Breach Investigations Report. The Ponemon Institute reports the average cost of these incidents can easily be in the seven-figure range.
Stueve Siegel Hanson can help companies recover losses incurred in cybersecurity attacks and data breaches. We hold accountable the software providers and security vendors whose mistakes harm our clients through business interruption, litigation costs and reputational harm.
Our business clients benefit from our industry-leading Data Breach and Cybersecurity practice. Stueve Siegel Hanson has prosecuted cases involving the largest data breaches in U.S. history, securing millions of dollars for affected consumers:
- We served on the leadership team appointed to represent millions of customers who had their credit and debit cards compromised when Target suffered a major data breach. The final settlement provided $10 million to consumers nationwide and required Target to significantly improve its data security practices.
- We served as lead counsel in class action litigation against Home Depot after a massive data breach compromised the data of more than 60 million U.S. customers, leading to a $29 million settlement.
- Partner Norman Siegel serves as co-lead counsel in multidistrict litigation against Equifax, whose landmark data breach affected more than 147 million consumers – nearly half the U.S. population. We recently led the effort to reach the largest settlement in history in litigation involving a data breach.
If you want to apply our industry-leading experience in the context of your business dispute involving a data breach, contact us today.