Category Archives: business trend

9 Parts. North Carolina Data Security Bill. Post-Equifax.

The state Attorney General and a State Representative are promoting an forthcoming North Carolina bill, the Act to Strengthen Identity Theft Protections.

Here’s what the bill will do:

  • Include ransomware in definition of data breach
  • Protect more information by creating a duty for businesses to have reasonable data security standards, and include insurance/medical information in the data breach notification law
  • Quicker consumer notification.  15 day time limit to notify the consumer & the…

Data Security Legislation is a Driver to Increase Data Security Insurance.

Progressive Market’s analysis lists 3 drivers for an increased demand in cyber insurace/data security insurance including:

Draft Data Security Standards are here. National Institute for Standards and Technology Delivers. 3 Key Points.

Input on Draft Standards:

Feedback and comments should be directed to cyberframework@nist.gov(link sends e-mail) by January 19th, 2018.

3 Goals of the draft standards is to align the needs of :

  • policy requirements
  • business needs
  • technological methodologies

Flexible Standards

The standards should eveolve as technology evolves

 

New buzz words are emerging in dagta security policy like: Cyber attack lifecycle

NIST | Cybersecurity Framework Draft Version 1.1

 

Business TREND. Health Care & Cybersecurity. By the Numbers.

A new report by the Center for Connected Medicine found that data security leads th eminds of health care businesses:

  • 9 of 10 health care companies will spend more on data security in 2018
  • 54% want to better identify threats
  • 50% want to better detect threats
  • 50% want to better protect against cyber threats
  • Less than 20% are focused on recover and respond technologies

Would health care providers pay cybercriminals?

  • 17% said yes
  • 17% were undecided
  • 22% didn’t know
  • 44% said no

Healt…

Business Trend. Smart Cities Built by Business. Tech Company Economic Development.

The Business:   Cascade Investment, which is owned by Microsoft’s Bill Gates

The smart city: Belmont, a planned community in Arizona

The smart features:  

  • high-speed networks
  • autonomous vehicles
  • high-speed digital networks
  • data centers
  • new manufacturing technologies
  • autonomous logistics hubs

CNN | Bill Gates invests $80 million to build Arizona smart city

 

Lege Trend. States Buying Cybersecurity Insurance.3 Bits informed:intel

  • Utah CIO say its expensive, a big budget item
    • $230,000 a year for $10 million in cyber coverage and has a $1 million deductible
  • 38% of state CIOs say their state has some sort of cyber insurance
  • Georgia has the largest amount of cyber coverage of any state
    • $100 million in coverage. $1.8 million-a-year premium & a $250,000 deductible per incident

Governing | Fearing Hackers, States Start Buying Cyber-Insurance + Insurance Journal

Lege Trend. OHIO Carrot and Stick in Data Security Bill for Businesses.

Ohio’s SB 220 sets up a benefit for businesses to comply: safe harbor from suit.

What’s required for a business to get the safe harbor? The business must  adopt “a written cybersecurity program that contains administrative, technical, and physical safeguards for the protection of personal information that complies with the NIST cybersecurity framework “

The Toledo Blade | Lawmakers offer legal carrot to defeat data breaches

OH SB 220 (2017)