Every state in the U.S. has data breach notification laws. In Delaware, for example, if a breach requires a certain number of residents to be notified, the organization must also provide notice to the attorney general. Some states require organizations to provide credit monitoring services to those affected by a breach of financial data.
Cybercrime has always represented an existential threat to businesses — many companies go out of business within six months after a data breach. Following a record year for ransomware and other cyberattacks, organizations worldwide are reassessing their cybersecurity plans, priorities and budgets.