The statute of limitations is a legal concept that sets the maximum period during which legal proceedings can be initiated after an event, such as a cybercrime or data breach. Once this period expires, claims or prosecutions related to the incident can no longer be legally pursued. The duration of the statute of limitations varies depending on the type of offense and jurisdiction. In cybersecurity, understanding the statute of limitations is crucial for organizations and individuals, as it affects when they can seek damages or face prosecution for security incidents. Failing to act within this timeframe may result in the loss of legal rights to pursue a case.