Data breaches and cyber security hacks have been on the rise in the US, with reported cybercrimes up 300% since the start of the COVID-19 pandemic in 2020. Experts estimate ransomware damage costs will rise to $20 billion in 2021. The influx of businesses falling victim to data security breaches and IT attacks is resulting in increased litigation.
“As more devices and tools become connected, smart cars, crop communication, machinery, etc. will be further developed by innovators to maximize incoming data.” Read on as we assess how 5G will impact businesses around the world and affect the subsequent influx of litigation surrounding this new technology.