Inadequate Cyber Security Whistleblower Lawyer
When corporations skimp on cyber security, they put their investors and customers at risk. Put an end to this threat and collect a reward in the process by working with an inadequate cyber security whistleblower lawyer.
The issue of cyber security is an item that has become increasingly more and more interesting to the Securities and Exchange Commission (SEC). As technology has progressed, nearly all companies now keep their most sensitive data in digital format on private computer networks.
Unfortunately, these networks are almost always connected to the wider Internet, their access controlled through whatever form of cyber security the company has settled on. When this cyber security proves inadequate, hackers can breach the company’s data and steal sensitive information, often putting the company’s customers and future at risk.
When a company doesn’t take the proper steps to protect its data, it can land them in big trouble with the SEC—possibly even resulting in financial sanctions. A whistleblower who tips off the SEC to this type of lacking cyber security could be rewarded with a portion of the sanctions, and an inadequate cyber security whistleblower lawyer from Meissner Associates can help with the process.
When Will the SEC Investigate a Company’s Cyber Security?
The SEC is most likely to investigate the strength of a company’s cyber security in the following two situations:
- The company has already suffered a data breach, and either customers or the stability of the markets were put at risk as a result
- A whistleblower has proactively informed the SEC of inadequate cyber security, hoping to force the company to correct the situation before a hacking can occur
When the company’s data has already been breached, the SEC will decide whether to investigate once the company makes the disclosure. However, if the company attempts to cover-up the breach, information provided by a whistleblower might be the only way for the SEC to learn of what happened.
In the second scenario, the SEC will need to be convinced of just how urgent a threat the inadequate cyber security represents. For the SEC to step in, they will need to believe that a hack would represent a threat to investors—not just the company itself.
Are Cyber Security Whistleblowers Protected?
Many potential whistleblowers never come forward with what they know because they fear retaliation. While the Dodd-Frank Act allows you to remain anonymous when working with a whistleblower lawyer, the identities of people exposing inadequate cyber security can sometimes be blatantly obvious.
The good news is that the Dodd-Frank and—especially—the Sarbanes-Oxley Acts provide cyber security whistleblowers with robust legal protections. Once you’ve tipped of the SEC, you cannot be targeted with an adverse employment action, such as termination or demotion, and if you are, you’ll have the option to recover damages in a whistleblower retaliation suit.
Work with a Cyber Security Whistleblower Attorney
Meissner Associates is the whistleblower law firm you need on your side when providing a tip to the SEC. If you’ve encountered poor cyber security that represents a threat to investors, contact us to arrange a free, confidential tip evaluation from an inadequate cyber security whistleblower lawyer. Just complete the form below or call 1-866-764-3100.