The Federal Trade Commission issued a report saying its a bad idea to apply banking rules to retailers. 3 Reasons Why:
- “burdensome to nonbanks”
- “Retailers lack the authority over payment cards to maintain certain data security obligations”
- “The FTC lacks the supervisory examination and resources to provide specific guidance and oversight that would be necessary to cover every nonbank business”
Posted inbanking, data privacy, legislative trend, retail data breach
According to experts in Silicon Valley, data breach costs break down for business like this:
Posted inbanking, data privacy, legislative trend, retail data breach
A glut of credit card and financial data on the black market has driven down its price. As a result, hackers are targeting more lucrative health care records. Health care records are selling for as much as 7 times the value of financial data on the black market. Legal Intelligencer 1. More respect for financial institutions in courts. Data breaches lead to law suits. Law suits lead to multiple law suits. Multiple law suits become class action law suits. High dollar class action lawsuits are facing Target and Home Depot. 2. Push for national data breach legislation by multi-state companies. 3. More health care data breaches.
Posted inhealth care data, legal trend, legislative trend
Montana empowered its attorney general office by requiring that it receive notice of any qualifying data breach. The Montana Attorney General opertes a consumer protection division that will seek to help affected Montanans. A student at the Univeristy of Oregon, Go Ducks!, alleges she was raped by 3 basketball players. The University found the sudents at fault and kicked them out of school and off the basketball team. After the alleged rape, the student sought treatment at the student health center. Her treatment included mental health care. She eventually sued the school as the alleged offenders were never tried for a crime. During the lawsuit her mental health records, when she sought care … The Data Quality Campaign joined the Consortium for School Networking to set forth principles to guide student data regulation. The goal is to protect student data while doing no harm to schools. 4 points they all agree on: A data breach of medical records at an Ohio hospital system has led to a $5,000,000 class action lawsuit. It took 4 months for the hospital system to notify patients of the data breach. The legal complaint is based on the medical records data breach creating a “threat of immediate harm has injured her privacy as a result of negligence.” Van Deaver has filed HB 2156 which the author says protects student data in 8 ways. • Not sell student information; The Illinois Attorney General is working to expand the definition of what is private information that triggers data breach notifications. She wants to include the following information: Her proposal doesn’t specify when the consumer and the Attorney General office must be notified. Instead, busine…Silicon Valley Experts Talk Business Costs of Data Breaches
Health Care Data is Valuable. High Dollar Target of Data Hackers.
3 Trends in Data Breach Policy for 2015
Montana Passes Data Security Bill
HIPPA and Higher Education Student Data Privacy Collide in Lawsuit
4 Student Data Principles. Supported by 32 Education Groups.
Hospital System Sued for $5,000,000 over data breach
Bill Filing: Protecting Student Data 8 Ways
• Not behaviorally target advertising;
• Use data for authorized education purposes only;
• Not change privacy policies without notice and choice;
• Enforce strict limits on data retention;
• Support parental access to, and correction of error…Lege Trend: Re-defining Private Data in the Land of Lincoln