Civil and Regulatory Implications of Cybercrime
John T. Bandler, Antonia Merzon · 2020
This chapter discusses the civil and regulatory concepts and requirements relating to cybercrime. Federal and state governments have instituted numerous regulations requiring businesses, organizations, and public agencies to maintain certain levels of cybersecurity and to report the compromise of consumer data. Microsoft, the giant of computer operating systems and software, has been leading the way in civil actions against unidentified cybercriminals, using the power of the civil courts to fight cybercrime. Victims of cybercrime also can take action against cybercriminals using civil causes of action that are set forth within federal and state statutes. Contracts and agreements for services between organizations and individuals may specify conditions that would be relevant in the event of a cybercrime. Insurance policies are a form of contract that are of considerable importance with regard to cybercrime. An insurance policy is a contract between the insured and the insurance company.