WTF Day 2

Michael Schmidt

10 years ago

As in, “Way Too Frequently” we are hearing and reading about cyber and data breaches. The ironic hack du jour: LastPass. Wait for it: A company that lets a customer store all of his or her passwords online in a single storage file had its passwords hacked.

Really?

Employer Take Away: What should you as an employer take away from this development?

Cyber and data breaches happen to large, iconic companies that everyone thinks “must” have protocols and firewalls in place. They happen to mom-and-pop shops who can’t possibly be targets. They apparently happen to those whose business is to manage and protect passwords.

And they can happen to you.

Have you thought about things you haven’t thought of yet? Do you know what you don’t know? Have you engaged in an internal audit of your practices, protocols, response procedures, and insurance/risk management policies to determine if you adequately address cybersecurity, data breach and information governance issues? Your company spends so much time, money and energy on all kinds of business planning, why not in this area?

WTF??!! (where’s the foresight??!!)

Michael Schmidt

Michael C. Schmidt is the vice chair of the firm’s Labor & Employment Department, and the office managing partner, vice chair, of the New York Midtown office, where he is resident. For more than two decades, Mike has concentrated his practice on representing companies and management in all facets of employment law, such as: (i) defense in litigation involving wage and hour (overtime and unpaid compensation), discrimination, harassment, retaliation and whistle-blowing, non-competes and trade secrets, and disability and other leave-related issues; (ii) day-to-day counseling and in-house training on issues from hiring to firing, and other questions unique to his client’s industries and business; and (iii) drafting and reviewing employment agreements, termination and severance agreements, confidentiality and non-competes, and employment policies and manuals.