Welcome to the Future!
75% of international cyber security experts support breach notification laws. The biggest concerns about complying with the laws:
2 Privacy Experts say Federal Standards Don’t help individuals:
Posted indata privacy, legislative trend, retail data breach
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. Hot Topic: How to protect and notify individuals in case of a data breach. Here’s Washington State’s proposal to upgrade their notification laws: Finally, unlike other states, Washington state law does not require any centralized reporting to the state when a data breach occurs, resulting in a lack of robust information for law enforcement and consumers. The proposed legislation strengthens Washington’s data breach notification law by: • Notification requirements when the d… 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. 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. 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.
Posted indata privacy, legal trend, legislative trend, retail 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… 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 In 2014 California passed a number of data security bills to protect students, consumers and patients, including: Privacy Rights for California Minors in the Digital World (California’s SB 568) Prohibits marketing or advertising alcohol, firearms and tobacco to minors Prohibits using, disclosing, or compiling a minor’s personal information (or permitting a third party to do so). Intended…Data Breach Insurance BOOM!
WA Data Security Legislation
Data Security Ripe for Tort Reform. Will it help? No Says Washington Post Legal Commentator
Data Breach Laws not just for the Feds
Trend: Insurance for Cyber Security
Kerfuffle: Financial Institutions v. 6 Retailer Groups- Which Bears the Financial Burden for a Data Breach?
Data Security Regulation Needed Post Chick-fil-A Data Breach
Data Security Sample Bills: Protect Minors, Students, Health Care Data & More