Welcome to the Future!
Lifelock, the company advertising its ability to protect your financial data, violated its 2010 $12 million settlement with 35 state attorneys general according to the FTC.
“LifeLock vigorously opposed the FTC’s allegations.” The case is heading to the courts.
HomeDepot Shareholders are taking action against Home Depot. They have filed suit to request corporate documents, potentially for the purpose of investigating wrongdoing by corporate officers or directors.
“In the 2015 first half, venture firms invested $1.2 billion in cybersecurity startups, according to researcher CB Insights.”
Data breaches are taking this nerdy issue, cyber and data security, and turning it into big business, well funded, with a lot of government regulation, oversight, and contracting opportunities.
For the first time ever, Zurich Surety registers as a lobbyist in Canada amid interest in data security legislation.
Folks, data security insurance is a business that is growing exponentially. The well read will remember that just last week, Information Intelligence brought you news of the first lawsuit concerning insurance coverage in a data breach.
Rapidly growing industry. Not Yet in Texas. Hello opportunities.
This week, Rep. Mo Brooks (R-Ala.) introduced the “Protect US Act,” which would:
China/Chinese hackers were allegedly behind the massive federal government data breach.
Sen. Debbie Stabenow (D-Mich.) and Sen. Martin Heinrich (D-N.M) say the Energy and Water Development funding bill shortchanges our electric grid from being properly protected from a cyber attack.
They call for funding the following data security protections:
Connecticut and Oregon both strengthened laws protecting health care data this year. Specifically the states , strengthened protections of personally identifiable information (“PII”).
In an effort to protect data, large financial entities, like credit card companies, are looking to collecting facial recognition software to further protect their and your financial data.
Storing biometric information along side financial information at one company seems like that company is putting put a neon sign that reads, “Hacker Dreams Come True Here.”
47 Attorneys General signed a letter supporting state authority over data breach enforcement and strongly opposing any attempts at federal preemption.
Gen. Paxton is notably absent from the list: Arkansas, Connecticut, Illinois, Indiana, Maryland, Massachusetts and Nebraska, was also joined by the following states and territories, according to the news release: Alabama, Alaska, Arizona, California, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Iowa, Kansas, Kentucky,…