Rea & Associates
Rea & Associates
Jul 14, 2021
The Ohio Data Protection Act THE OHIO DATA PROTECTION ACT AND THE IMPACT ON BUSINESS IN CANTON & AKRON Cyberattacks have been on the rise across the nation. For many small and medium businesses, a massive cyberattack, and the associated losses, can spell disaster. Not only do breached businesses face the immediate cost of the breach, including data loss and lost customers, they may also face an extra challenge as customers become aware of the breach: court judgments and litigations from customers, vendors, and partners impacted by the breach. Now, the Ohio Data Protection Act aims to provide a level of protection: a safe harbor for those businesses that meet a clear set of cybersecurity standards. WHAT DOES THE OHIO DATA PROTECTION ACT INCLUDE? The Ohio Data Protection Act establishes that businesses that meet minimum cybersecurity standards, depending on the size of the business, have legal protection against claims that may arise following a cybersecurity breach. Breaches can occur to any business. 76% of US businesses [https://www.zdnet.com/article/76-percent-of-us-businesses-have-experienced-a-cyberattack-in-the-past-year/#:~:text=ZDNet%20Academy-,76%20percent%20of%20US%20businesses%20have%20experienced%20a%20cyberattack%20in,favorite%20as%20targets%20for%20cybercriminals.] suffered a cyberattack last year. For many of those businesses, the damage proved catastrophic--and the breach reflected the actions of determined hackers, not a failing on the part of most...