REDUCING UNNECESSARY LEGAL SPEND
When it comes to legal services, an ounce of prevention really
is a pound of cure.
While our litigators make a living litigating, they all advise
their clients to be proactive in order to avoid disputes, because
the cost of going to court is so high.
Cyber security and data protection is no different. In fact, the
2019 total average cost (both direct and indirect) of a data breach
in the U.S. was 8.2 million. While the Canadian figures are not
likely as high as in the U.S., the total average cost of a data
breach in Canada still exceeds $4,000,000.
So how can businesses, crown corporations, municipalities and
other organizations reduce unnecessary legal spend? By proactively
developing plans and policies related to cyber security, data
protection and privacy law. The costs (legal, IT, and others)
associated with developing these plans and polices should be viewed
as an investment and not an expense. The reason being,
