The Impact of Data Security Incident Trends on Commercial Transactions: Part III – Vendor Agreement Resolutions for 2022

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As the BakerHostetler Digital Risk Advisory and Cybersecurity team wraps up the 2022 edition of annual Data Security Incident Response (DSIR) Report, we take one last look at the findings in the 2021 edition of the report to prepare our New Year’s resolutions of a data privacy and security attorney for vendor contracts.

In our first post, we reviewed the impact of these data security trends on M&A. In our second post, we reviewed the impact of these data security trends on commercial transactions. Now we will wrap up this series with an in-depth look at the impact on vendor agreements.

Data Privacy and Security in Vendor Agreements

We have previously covered the trend of increasing vendor incidents on this blog. As BakerHostetler partner Sara Goldstein mentioned in her post from earlier this year, 2020 saw a sharp spike in the number of incidents involving vendors, which amounted to over 25 percent of the total incidents handled in 2020, and the trend is continuing well into

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