Data Security Taking Front Stage with New Congress

Data security and protecting consumers education, health and financial data just got a kick start.  

  • Texas Congressman Hurd will chair the IT Subcommittee — a new panel created by incoming Oversight Committee Chairman Jason Chaffetz of Utah.
  • Texas Congressman Ratcliffe will chair the Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies, a part of the Homeland Security Committee.

adminPosted inlegislative trend

Trend: Insurance for Cyber Security

Forecasting trends related to hacking/data breaches/cyber security is a hot topic. Just look at the plethora of class action lawsuits, and the Sony hack that led to pulling the film, The Interview, and its own set of lawsuits.

In an interview with the WallStreet Journal Legal Writer Dan Dipietro, a cyber security expert says he expects cyber security insurance to soon be part of the ordinary course of business.  

adminPosted indata privacy, legal trend, legislative trend, retail data breach

Kerfuffle: Financial Institutions v. 6 Retailer Groups- Which Bears the Financial Burden for a Data Breach?

The fighters for financial institutions:   Independent Community Bankers of America  

The fighters for retailers: Retail Industry Leaders Association, National Retail Federation, National Grocers Association,  Merchant Advisory Group, National Association of Convenience Stores, Food Marketing Institute, &  National Restaurant Association 

 Why did the kerfuffle start: Banks assert that they absorb the heaviest burden “f…

FTC Has Authority to Pursue Data Breach Enforcement

FTC and FCC are both regulating data breaches. FTC pursued an enforcement action against Wyndham Hotels, which then challenged the FTC’s regulatory authority. 

In a case watched by many corporations, the courts said yes, the FTC has regulatory authority to take enforcment actions related to data breaches.  

In late 2014, the U.S. Court of Appeals for the Third Circuit ordered the parties to mediation to save all parties time and money.   adminPosted indata privacy, legal trend, legislative trend

$5.6 Billion: The 2015 Cost of Health Care Data Breaches

$5.6 Billion buys a lot of tongue depressers. Its also the expected cost of data breaches in the health care industry for 2015 according to the 2015 2nd Annual Data Breach Industry Forecast by Experian. Highlights from the forecast :

  • A Ponemon Institute survey found that 72% of healthcare organizations indicated they are only “somewhat confident” or “not confident” in the security and privacy of patient data. 
  • Increasing data security by health care organizations cou…