Welcome to the Future!
Bloomberg BNA | Consumer Finance Agency Levies First Data Security Fine
National Law Review | Dwolla Fined $100,000 by CFPB in First…
Which governmetnal entity is seeking contractors for data security? Department of Defense
What is the data security objective? $600 million in computer system for background checks
Can similar procument opportunities present itself in Texas? Absolutely, keep your eyes open and subscribed to informedintel.com
Reuters | Pentagon to tap private industry for background check IT system
What group issued this report? The Institute of Directors and is supported by Barclay’s
What did the report find the rate of businesses reporting data breaches? 1/3
What percentage of businesses maintained cybersecurity insurance? 20%
WSJ | Report Warns U.K. Businesses to ‘Get Real’ on Cyberattacks
AT&T.
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Drug Delivery Systems data is a new target and concern for data security.
Medical Device & Diagnostic Industry | The Data Revolution Comes to Drug Delivery
Spec’s experienced a data breach that resulted in legal fees. Spec’s was insured and has sued its insurer over the coverage of costs incurred from the data breach.
3 Take aways from a Texas Company with data breach insurance coverage:
The question for Texas, does holding business data hostage constitute a crime?
Where did data get held hostage? In California
How was the data held hostage? “malicious “ransomware” application to encrypt data on the hospital’s computer system, demanding payment in exchange for a decryption key”
What type of business? Hollywood Presbyterian Medical Center patient input information
What did the hackers want? $17,000 worth of bitcoin was paid to retrieve an encryption…
What do the feds want to stop the state legislatures from doing? barring the manufacture and sale of unbreakably encrypted smartphones
Why does this matter? California and New York have pending legislation to bar the manufacturing and sale of unbreakably encrypted smartphones.
Why would the state want to prevent unbreakably encrypted smnartphones? Law enforcement wants access to smart phone data.
What groups are involved in this policy fight? tech companies v. law enforcement
What‘s happening? Affinity Gmaing, owners of 11 casinos, is suing the company it hired to contain a data breach.
How is this relevant to Texas government? Pay close attention to the enforcement actions and lawsuits that emerge from the federal government OPM data breach in which the company hired for remediation.
Why is this important? the laws related to data security are chaning at lightening fast speed. Faster than a lobbyist can walk, and on a very complex, technical topic which…