The answer to this question may depend on the actions that the insured takes when it applies for coverage and during the period the policy is in force. The demand for cyberinsurance that is intended to cover exposures from data breaches, among other things, has exploded in recent years, reports The Hill. This is
SEC’s Division of Investment Management Issues Cybersecurity Guidance
In Guidance Update No. 2015-02, the Division of Investment Management (Division) of the Securities and Exchange Commission (SEC) issued some high-level suggestions concerning the importance of cybersecurity for registered investment companies and registered investment advisers. The guidance outlines a number of measures these entities should consider for addressing cybersecurity risks. Of course, while some
Employee Apps = Employer Data Risk?
Many mobile app developers do not place a high priority on data security, as illustrated by a recent IBM/Ponemon study:
- Fifty percent of mobile app developers have no budget for security.
- Forty percent of companies don’t scan mobile app codes for vulnerabilities.
- The average company tests less than half of the apps it builds
Email Autofill Error Exposes Personal Information of G20 World Leaders
With breaches caused by payment card thieves and hackers dominating the news, it is easy for mid-sized and small companies to think that data breaches are unfortunate events that affect only large companies. Not only is this sentiment misguided, but in relative terms the information contained in exposed emails can cause far more damage to
Checklists Not Enough When Developing a WISP, FTC Director Comments at IAPP Global Privacy Summit
This year’s IAPP Global Privacy Summit was very informative on a number of fronts, including the helpful insight provided by officials at the Federal Trade Commission (FTC) on a range of topics. A good summary of some of their comments can be found here, which includes concerns they expressed about the Consumer Privacy Bill
Peer Review Confidentiality Requirement Protects Physician Reviewers from Adverse Employment Action, New Mexico Supreme Court Rules
When a physician participated in the peer review of another physician and his conduct during the review became the basis for adverse employment action against him, the New Mexico Supreme Court, in Yedidag v. Roswell Clinic Corp., ruled that the reviewing physician had a private cause of action against his employer, and affirmed the
New York Attorney General Seeks Stonger Data Breach Notification Law and Data Security Safeguards
Earlier this month, the New York Attorney General Eric T. Schneiderman announced a legislative proposal that would strengthen protections for private information by expanding the state’s breach notification law to cover e-mails, passwords and health data, require companies to implement data security measures, and notify consumers and employees in the event of a breach. If
FTC Announces “Concrete Steps” for IoT Privacy and Security
As the vast array of internet-connected devices mushrooms, and technologies permit those devices to communicate with one another, calls for privacy and security can be heard. On the heels of a recent victory in the ongoing LabMD case, the Federal Trade Commission (FTC) announced yesterday “concrete steps” businesses can take to enhance the privacy
Indiana Attorney General Enforces HIPAA For First Time – Another Lesson for Small Business
As we reported, state Attorneys General have authority to enforce the privacy and security regulations under the Health Insurance Portability and Accountability Act (HIPAA), pursuant to the authority granted under the Health Information Technology for Clinical and Economic Health (HITECH) Act. Shortly after announcing plans to seek legislation requiring stronger protections for personal and
Data Security in 2015 for Banks, HIPAA Covered Entities, and Small Businesses Too
Some have called 2014 the “Year of the Data Breach.” That may be true given the steady stream of large-scale data breaches affecting tens of millions of individuals. We do not know if this time next year commentators will be saying the same thing about 2015, but there are signs pointing to a