Category Archives: legislative trend

Do Data Security Regulations Harm Productivity? Old Business vs. New Business

European companies are struggling with the 28 different data security laws that the EU has enacted for each of its member countries. Multinational companies have different compliance standards for each country. 

However, an attorney for technology and innovation sector says data regulations, even those that differ by member state increase productivity in fields of innovation and technology. This productivity increases due to the globalization of data.

Posted byadminPosted inlegislative trend

Education Apps Make Student Data Security Vulnerable

What kind of information can hackers get from a student’s education app?

  • first name, middle initial, last name,
  • gender
  • date of birth
  • parent email address
  • name and address of school
  • usernames (some with associated passwords)
  • teacher email addresses
  • teacher and class roster affiliations
  • class photos with students labeled by name,
  • in-class behavior records,
  • reading level and progre…

Lege Trend: Attorney General Forms Data Security Department

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.” 

Westfair Communications

Uber Class Action Lawsuit for Data Breach

A Portland Uber driver is the named plaintiff in a class action lawsuit against Uber for a 2014 data breach.

The breach disclosed personal information for 50,000 Uber drivers. The lawsuit alleges that Uber took 5 months to disclose the data breach, which violates California law. California statutes require employers to protect the personal information of employees.

Antman v. Uber Technologies Inc, U.S. District Court for the Northern District of California, No. 15-1175<...

FTC: Poor Fit to Require Retailers & Banks to Follow Same Rules

The Federal Trade Commission issued a report saying its a bad idea to apply banking rules to retailers. 3 Reasons Why:

  •  “burdensome to nonbanks”
  • “Retailers lack the authority over payment cards to maintain certain data security obligations”
  • “The FTC lacks the supervisory examination and resources to provide specific guidance and oversight that would be necessary to cover every nonbank business”

Posted byadminPosted inbanking, data privacy, legislative trend, retail data breach

Silicon Valley Experts Talk Business Costs of Data Breaches

According to experts in Silicon Valley, data breach costs break down for business like this:

  •  80% less than $1 million in direct costs and damages
  • 15 % of breaches cost between $1 million and $20 million
  • 5% cost more than $20 million to investigate, deal with and pay legal costs
  • Average Cost is $7Million 
  • Only 8% of businesses are buying cyber insurance coverage

Posted byadminPosted inbanking, data privacy, legislative trend, retail data breach