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…

Lege trend: 6 Ways the Home of the Ducks Strengthens Data Breach Law

  • “Expands the statute’s definition of “personal information” to include a resident’s biometric or medial information;
  • Requires entities or persons that own or license consumer personal information to notify the Oregon Attorney General of a data breach if the entity must notify more than 250 residents;
  • Raises the threshold for notifying Oregon consumers to a more generous “unlikely to suffer harm” standard;
  • Lowers the threshold for reporting to consumer report agencies (CRAs)…

Status Check: National Data Security Bill Likelihood of Passage

Will Congress pass a national data security bill after the massive federal employee data breach. Odds are not high. There is a higher liklihood that next week there will be a new food trailer opening in Austin. 

What does this mean? States will pass stronger data security bills from everything from retailers to public education contractors to health care data.

Health Data Management