Category Archives: business trend

Lege TREND. How big are data security fines getting in legislation? 50x increases

Arizona’s recently passed,   HB 2154 (AZ | 2018)        , data breach reform bill increased data breach fines from $10,000 to $500,000 per breach.

The intent: the stick for the carrot of notifying consumers quickly

State Scoop | Arizona gets tough on businesses with new data breach reporting law 

+1 State Stronger Data Breach Notification. Blue Columbine State is different from other bills in 3 ways.

State: Colorado

Does the Colorado law apply to businesses outside Colorado? yes, it applies to any business that does business with a Colodoan

What does Colorado’s new data breach law require?

  • Notification to affected consumers within 30 days of discovery of the breach
  • Provide the consumer with the date of the breach
  • Provide the consumer a description of what information was accessed

3 Ways the Colorado legislation differed from most states:

  • A delay in notification can only occur if an…

1st State. Data Broker Regulation Bill. 4 Takeaways + 4 Talking Points + 4 Stakeholders

Vermont’s H.764 (2017-2018 | VT)  creates the first data broker regulations that will:

  • eliminates costs on credit freezes & thaws
  • establishes a registry and security standards for 3rd party ‘data broker’ industry
  • clarifies data security requirements for commercial entities
  • criminalizes acquiring data for fraudulent purposes, including harassment & discrimination

 

Talking Points for H764 which will give Vermont residents:

  • greater privacy
  • saves them money
  • gives them information and tools…

Business TREND. Growth in Cyber Security Insurance. By the Numbers

For the U.S. market of cyber secuity insurance policies in 2017:

  • 32% growth in direct premiums written in year over year growth
  • $1.8 billion,
  • 2.6 million policies in force, a 24% increase
  •  claims increased to 9,017 from 5,955
  • 56.3% of the claims by packaged policies
  • 43.7% of claims by standalone policies  

Insurance Journal | U.S. Cyber Market Grew 32% in 2017 But Most Small-Medium Firms Opted Out: A.M. Best

Local Procurement TREND. Cost Saving. Outsourcing Cybersecurity.

In lieu of hiring cyber security employees, local governments are using third party software and hardware to bolster cybersecurity. 

What short hand do I need to know for this technology?

  •  It is “machine learning and AI”
  • It  can detect cyber threats rapidly
  • it allows for large-scale behavioral detection

State Tech | Cities and Counties Turn to Machine Learning to Bolster Cybersecurity

3 Reasons for Veto of Data Security Bill that Tech Companies Opposed. 4 Steps to a Successful Bill in Veto Statement.

Georgia Governor Deal vetoed  SB315 (2018 | GA)  because:

  • the bill could undermined national security
  •  harmed private businesses’ efforts to stop hackers
  • Georgia needs more discussion on this bill

A future data security bill should:

  • develop a comprehensive policy
  • promoting national security
  • protecting online information
  • continuing to advance Georgia’s position as a leader in the technology industry

Veto Statement on SB 315 May 8, 2018 Georgia Governor Deal

Politically Georgia | Computer…

3 Reasons Tech Companies Want a Data Security Bill Vetoed in the Cherokee Rose State

A group of tech companies, including:

  • Google
  • Microsoft
  • + 50 academics, researchers, cybersecurity experts and technologists

are asking Georgia Governor Deal to veto a bill that makes unauthorized cyber access a crime punishable with up to 1 year in jail because the bill will:

  • chill security research
  • harm the state’s cybersecurity industry
  • Why is that a big deal? Because the bill for the first time would “create new liabilities for security researchers who identify and disclose weaknesses…

Business TREND. New Data Security Business Coalition.

Members of  “Reform Government Surveillance”: Apple, Google, Yahoo, Microsoft, Twitter

6 Plank Agenda:

  • limiting government authority to collect user information
  • enhancing government oversight
  • promoting transparency about government demands for data
  • preventing hurdles for sharing information
  • ensuring cooperation between nations’ governments
  • encryption. opposing any government required engineered vulnerailities in technology

Politico | SURVEILLANCE COALITION INCLUDES NEW AGENDA ITEM