Legal Trend: Stand Alone Cybersecurity Insurance Coverage Denied for Breach Claim. First Legal Case on the issue.

Say you’re a health care provider. You buy data breach insurance policy to cover any potential hacks or breaches. you think you’re doing the right thing to protect your business.

Then, your data gets hacked. You file a claim with your insurance company. You’re denied. You go to court.

The insurance company says the health care provider failed to provide the required minimum security standards. 

Its a case of first impression. It’ll make history and make legislation far and wide as the…

National Association of Professional (Insurance) Agents Ramps Up Data Breach Insurance

NAPA has new data breach compliance and certification. Data breaches are big business, people.  

Data breaches and protecting against data breaches generate:

  • Big legislative pushes
  • New regulations
  • Procurement Opportunities (hello, $21M emergency contract that the federal data breach sparked)

Data breaches impact:

  • bankers, credit unions, financial institutions
  • retailers
  • corporations
  • new lawsuit filings
  • health data
  • student data
  • +more

NAPA

All Data Breaches Lead to Court. 4 Lessons to Learn for Legislation & Corporate Governance.

Federal employees this week filed suit over the June 4th federal data breach. The breach is said to the largest in government history, and allegedly the result of Chinese hackers seeking super secret spy information. 

The crux of the lawsuit is something all corporations should pay heed to as its the same argument made by plaintiffs in Target and HomeDepot breaches too- how much knowledge did the government have about potential breaches and did the government fail to act? As for the feds,…

The Federal Government & Is Here to Help with Data Security. Never mind that massive federal government data breach…

The Federal Trade Commission has released new guidelines for corporate data security. FTC has the power to fine companies for data breaches, so take heed. 

Recommendations include:

  1. Start with security.
  2. Control access to data sensibly.
  3. Require secure passwords and authentication.
  4. Store sensitive personal information securely and protect it during transmission.
  5. Segment your network and monitor who’s trying to get in and out.
  6. Secure remote access to your network.
  7. Apply sound security…

67% of Healthcare Companies Had Data Security Issues Last Year

Healthcare Management Information Systems Society released a new survey about data security and healthcare, the results:

  • 2/3 of healthcare companies repsonsing experienced a data security issue within the last year
  • 87% say data security is a increasingly higher business concern for healthcare
  • 69% say their concern about data security is motivated by phishing
  • 46% say the highest data security concern is internal negligence
  • 57% have at least 1 full time staff person dedicated to data…