Welcome to the Future!
The Illinois Attorney General is working to expand the definition of what is private information that triggers data breach notifications.
She wants to include the following information:
Her proposal doesn’t specify when the consumer and the Attorney General office must be notified. Instead, busine…
Hailed as a victory for plaintiff’s lawyers, class actions are proceeding for data breaches at Target and Sony. Since the February breach at Anthem, more than 40 class action lawsuits have been filed.
Legal experts say data breach cases move forward when the plaintiff can allege:
Theodore Kobus III, co-leader of the Privacy and Data Security Practice at Baker Hostetler, favors state regulation over one size fits all federal regulation of data security notification.
He suggests the right template for data security is HIPAA’s approach. HIPPA has been functioning for more than 10 years and has no uniform standard for security.
Businesses need flexibility to respond to data breaches. The flexibility is necessary based on 3 factors:
Last week, Brian Engle, DIR’s data security go-to guy, left his state government post. He is now the first employee of a nonprofit, Retail Industry Information Sharing and Analysis Center.
His new role is to support the retail industry in their cybersecurity efforts and their efforts to protect their customer information and information technology.
National Retailers Federation revealed a survey that shows that 97% of surveyed business leaders believe data security is top priority for 2015.
Last week Congressmen Barton (R-TX) and Rush (D-IL) filed data breach notification legislation. Feds want to protect personal, private information and the states are quickly passing bills that further protect their citizens.
What you need to know about the federal bills:
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:
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:
Where does the buck stop in data security regulation? Is it at the financial institution or at the retailer who garners the class action lawsuit?
Retailers have said they should not be treated like banks, which are heavily regulated. Information Intelligence
The Credit Union National Association, Financi…
Since 2009, health care data breach statistics are:
President Obama’s federal data …