Buried in the federal data breach legislation, that pre-empts state data protections in 38 states, with stronger data protection statutes, is liability protection for businesses that share data security threats and intrusions with other businesses and the government. Law360
Category Archives: legal trend
Cost of Data Breach: $20 Million for 1 settlement with 1 credit card company
Target’s holiday 2013 data breach continues to breed lawsuits and settlements. Target recently settled with Mastercard for $20 million.
The $20 million will go to financial institutions to:
- covers costs that banks incurred to reissue credit cards and debit cards
- Cover the cost of fraud that resulted from the exposure of customer information
$25 Million fine for Data Breach
The Federal Communications Commission this week fined AT&T $25 M for a data breach that caused personal information, including social security numbers, of 280,000 AT&T customers to be breached.
AT&T will incur more costs as it notified affected customers and pays for credit monitoring services, per the FCC order.
Congress Has New Data Security Bill Moving. 5 Highlights.
Bipartisanship Lives. Last week a new data security bill was unvieled to create standardized requirements for data breach and security issues.
Co-sponsors of the bill:
- Representative Marsha Blackburn (R-TN)
- Representative Peter Welch (D-VT)
- Both are members of the House Subcommittee on Commerce, Manufacturing, and Trade, and Blackburn also serves as Vice Chairman of the Energy and Comm…
43% of Companies had a Data Breach in 2014
The number of companies experiencing a data breach is increasing annually. In 2013 it was 33%. In 2014 it was 43%. Its a mix of retail and health care data breaches leading the increases.
More data breaches means more litigation.
SC Magazine for IT Security Professionals
Posted inhealth care data, legal trend, legislative trend, retail data breach
The EU is waging a legal war with Facebook over whether Facebook can store the personal and private data of EU residents on servers located outside the EU? This legal issues raises the issue of whether Texans want their information stored on servers in NY or CA? An April meeting of attorneys general will focus on data security issues. This comes in the wake of Connecticut AG forming a data privacy division and the attorneys general in NY, OR and WA recommending legislative changes to address data security.
Posted indata privacy, health care data, legal trend, legislative trend, retail data breach, student data privacy
To handle data breach investigations and litigation, the Connecticut Attorney General created a Privacy and Data Security Department. The Department emerged from a 2011 task force studying how the state can best address data breaches, and is staffed with a ” cross-disciplinary team of experts in health, finance and other disciplines.” A Dallas trial lawyer has filed suit in California against Toyota, Ford and GM because the vehicle’s software is easily hacked. The suit claims:Target Data Breach Settles. Who wins, besides the litigators?
New Legal Frontier: Can Your Data be Stored Out of State or Country?
Attorneys General Push for Data Security Reforms
Lege Trend: Attorney General Forms Data Security Department
$5M Data Hacking Suit Against Automakers in Texas