New Report. Government Incentives for Cyber Insurance Policies

Who is recommending incentives for cyber insurance? Foundation for Defense of Democracies

Where did the Foundation for Defense of Democracies make this recommendation? In its report The Role of Cyber Insurance in Securing the Private Sector

What types of government incentives were recommended?

  • tax credits for all government contractors who have cyber insurance

Why are government incentives necessary? Industry has failed to incentivize action

Local TREND. Cities + Private Business = Cyberthreat Warning

Where: Los Angeles

What is this non-profit public private partnership that L.A. created? LA Cyber Lab

Who is involved in LA CyberLab?

  • IBM
  • Entertainment industry
  • Utility representatives
  • Local Universities
  • Health care industry
  • Telecom

What are the goal os the LA Cyber Lab?

  • provide businesses with threat intelligence
  • build better local level digital defense

Politico Morning Cyber Security | L.A. (CYBER)STORY

Election Cybersecurity. 1st State to Ban Bar Codes.

Where: Colorado

What: Colorado is the 1st state to ban bar codes (QR Codes) from paper ballots

How are QR Codes/bar Codes used on paper ballots? The bar codes/QR codes are a means to count paper ballots

What did the Colorado Secretary of State say? Voters had no way to verify the bar code or QR code and as such the codes did nothing to secure elections or instill voter confidence

Fox 31 | Colorado becomes first state to ban barcodes for counting votes over security concerns

+1 Legislature. Yes, cameras. No, Facial Recognition.

Where: California

What: AB 1215 (2019 | CA)

How did the Legislature split the difference to approve cameras and disapprove facial recognition?

  • Approving law enforcement body cameras
  • Excepting and prohibiting cameras with facial recognition
  • Prohibiting using footage from body cameras for later use by facial recognition software

What arguments support prohibiting facial recognition?

  • Privacy of California residents
  • Need to encourage trust in communities
  • Support of the transparency that cameras provide law enforcement
  • Avoiding the police being seen as a tool of surveillance

Other states did the same? Yes, Oregon

CNBC | California legislature bars facial recognition for police body cameras

51 Tech Execs Calling for Federal Data Privacy.

Where can I find the list of 51 tech companies:

Their September 10, 2019 letter is here.

Did the tech companies work with a business group?

Yes, Business Roundtable

What are the top 3 arguments the 51 tech CEOS make:

  • We support data privacy
  • The burden shouldn’t be on consumers to keep up
  • There can’t be 51 different sets of rules for data protection

What else do I need to think about? When Major US Auto Manufacturers asked for action on emissions and the federal government did not act, the major auto dealers negotiated a deal with California.

What states could the tech companies go to to negotiate a deal? States most active in data privacy: California, Washington State, New York

ZD NEt | 51 tech CEOs send open letter to Congress asking for a federal data privacy law

Cybersecurity +Pensions.

Who was hacked?

A law enforcement pension in Oklahoma

How much was stolen?

$4.2 Million

What happened?

  • investment manager for the fund was hacked

What regulatory/legislative reaction is forthcoming?

  • Cybersecurity standards for outside and internal investment managers at pension systems

Other pensions hacked:

  •  2016 $100,000 hacked from a Pennsylvania borough’s police pension fund
  • 2017 hackers stole the identities of more than 100 retired Iowa public employees to claim pension payments

InfoSecurity | Hackers Steal $4.2m from State Troopers’ Pension Fund

+1 State new blockchain legislation

Where:

Illinois

What bill did the Illinois Governor sign?

Public Act 101-0514, also known as the Blockchain Technology Act

HB 3575 (2019 | IL)

How does the bill embrace blockchain technology?

  • legal recognition of smart contracts
  • legal recognition of blockchain-based records
  • legal recognition of blockchain-based signatures

Kane County Reporter | ILLINOIS STATE HOUSE DISTRICT 50: Governor signs Wheeler bill into law to make Illinois a leader in blockchain technology

3 Consumer Demands Post-Data Breach for your clients and companies.

WHO called for the study on consumer expectations and data breaches?

Experian

WHAT did consumers say?

  • 90% more forgiving of a company that responded to a breach in a prompt & transparent manner
  • 66% would stop doing business with a company that dillydallied in the face of a data breach
  • 6 weeks the number of weeks it took Experian to tell consumer

LA Times | Newsletter: Consumers would be more forgiving of data breaches if companies just came clean