- Health Information protected by HIPPA will put companies at risk.
- Department of Health and Human Services Office for Civil Rights enforcement actions have led to multiple million dollar settlements against hospitals, clinics, and health systems
- FTC will take enforcement action. That action will lead to lawsuits challenging the FTC powers of enforcement.
- Opportunity for state enforcement abounds.
- More lawsuits against compa…
Category Archives: legal trend
Cost of a data breach: $15 Million +
Sony Pictures spent $15M in Q3 for investigating and remediating its data breach. Legal costs forthcoming. Tech Crunch
Data Breach Liability for Retailer? Is there a Financial Cap for a Grocer?
Retail data breaches lead to class action lawsuits. They’re new. They’re trendy.
How financial liability for a breach is assessed is a developing legal trend. Legal trends turn into legislative trends as states grapple with assigning liability.
Today the retailers & the banks are at odds over this in policy court. To add fuel to the this policy fire, a federal court sided with a retailer against financial institutions by limiting a grocer’s liability to:
- $5…
Survey Says 34% More Spent on Retailer Cyber & Data Protections
The Target data breach of 2013 changed a lot of things. Cyber Insurance is a booming business, and spending for cyber security is increased on average 34%. The survey also said:
- 57% of U.S. CEOs extremely concerned about over-regulation
- AppRiver says last year it quarantined about 1 billion
Posted indata privacy, legal trend, legislative trend, retail data breach
3/4 of IT Experts Support Data Breach Notification Laws
75% of international cyber security experts support breach notification laws. The biggest concerns about complying with the laws:
- 55% notification would affect corporate reputation
- 15% said systems not geared for notifications
- 13% listed increased costs as a concern
Data Breach Insurance BOOM!
Insurance sales for data protection are skyrocketing.
With the feds and states scrambling to protect citizen data, and class action lawsuits being filed with every breach, the insurance market is booming.
States are Passing Data Security Bills. See Where State Laws Stand. Business Interests Beware.
Baker Hostetler offers an absolutely fantastic chart of what every state is doing on data security.
Data privacy experts say state laws go further to protect your information if its the subject of a leak, breach or hack. Tort reform types point to data breaches being a new bevy of class action lawsuits. Baker Hostetler
Data Security Ripe for Tort Reform. Will it help? No Says Washington Post Legal Commentator
Mandatory data breach notices have triggered lawsuits. Lawsuits have led to class action lawsuits. Think Target and Home Depot, the big retail data breaches. Class Action lawsuits lead to settlements.
Whether one agrees or not what the impact of tort reform will be, data security is ripe for tort reform.
Data Breach Laws not just for the Feds
State laws address data breaches. They set up notification procedures and establish liability. A cyber law expert lays out in liability and causes of actions in various states.
Looking at the calss action suits that have followed major retailer data breaches, it is the legal trend of the year.
Data Security Regulation Needed Post Chick-fil-A Data Breach
Another day, another retailer with a data breach.
The National Association of Federal Credit Unions took the opportunity to call for clear data breach laws.
Why? Without regulation every business that could possibly be related to a data breach is getting sued. It’s a class action gold mine. The Hill