The changing trends in the way we do business in the modern technological age we live in are causing many changes and risks. Data breaches, copyright violations, defamation, and invasion of privacy are just a few of those that are creating new and emerging industries to address these issues. Businesses are trying to make their information public and are using the Internet more and more, although few are aware of the fact that they face the same legal exposure as a publisher and that carries responsibilities. Some of the new legislation continues to create even more potential liabilities. Sometimes things move so fast in change that it becomes so impossible to keep up with everything.
Some of the areas that a business should investigate to ensure they are not at risk of litigation are user privacy, copyright infringement in content, graphics, and domain name. The potential for plaintiffs is overwhelming given the number of people browsing the web and the number of companies and organizations with sites. The potential liability to website content is great and growing at a rapid rate. With the use of independent online forums and the use of international writers who are unfamiliar with life in the country in which you operate, you run an even greater risk of potential legal content liability.
Most companies operating in today’s modern tech world are more likely to have internal and external email and a website providing information and possibly e-commerce of products and services that expose you to potential legal liability and serious attacks. . The risk of loss of intellectual property is also another factor that companies must consider and, as in many other countries, the laws that govern it vary enormously. Small businesses are especially at risk, as they are not like large corporations that have a data security department and a team of lawyers and others who oversee the monitoring and protection of their interests.
With more and more companies venturing onto the World Wide Web, their exposure liability becomes even more complex and evolves as technologies also evolve, many may want to consider cyber insurance and data protection systems. This is an emerging business in the insurance industry that entrepreneurs may even consider as a start-up business, as its need continually grows and evolves with the technologies that operate and drive business in today’s modern world.
