Article archive :: PrivacyRisksAdvisors.com

Main Street vs. Wall Street: Who is to Blame for Data Breaches? by Brunswick

29/07/2014 07:43

Our survey offers rare insight into how consumers apportion responsibility for preventing data breaches. The findings show widespread consumer worry around retail data breaches, and a strong belief that retailers are not doing enough to protect customer information. Moreover, consumers are heading...

Reputation management of a data breach

24/07/2014 07:20

Data security breaches almost always give rise to a risk of reputational damage to the company responsible for controlling and processing the data. From the moment the breach occurs, the media may start making inquiries and/or publish or broadcast allegations about the breach. Also,...

A breach of client data: Risks to CPA firms by Amy Waldron and David Hallstrom

24/07/2014 07:15

You walk into your office on a Saturday morning during tax season to find a staff member waiting for you with sweaty palms and a look of terror on her face. She takes a while to get the words out, but you soon learn that she backed up some client files to an unencrypted flash drive and dropped it...

EU data protection body issues important new Opinion on breach notification by Belinda Doshi

24/07/2014 07:06

Summary and implications The Article 29 Working Party (the Working Party) has issued a new Opinion on personal data breach notification that will have important repercussions for all data controllers in the European Union. Data controllers are strongly advised to read the Opinion and to consider...

Insurers take on cyber risk market

20/07/2014 09:02

Insurers are eagerly eyeing exponential growth in the tiny cyber coverage market. But their lack of experience and skills handling hackers and data breaches may keep their ambitions in check. High profile cases of hackers seizing sensitive customer data from companies, such as US retailer Target...

Proper Risk Assessment for Cyberinsurance by Natalie Lehr

20/07/2014 08:50

The introduction of cyberinsurance is tempered by the same legacy procedures that have defined insurance since long before cybersecurity existed. It's a generally accepted truth that change is inevitable and adaptation a necessary requirement for progression. Yet, one of the most mature industries...

A Lack of Communication on Cyber Security Will Cost Your Business Big by Ethan Oberman

18/07/2014 06:04

When it comes to cyber security, most CEOs don’t get it. That was the conclusion of a recent survey of IT security professionals on the state of their companies’ defenses against data leaks or malicious attacks. The survey, sponsored by Websense and conducted by the Ponemon...

Breaches exposed 22.8 million personal records of New Yorkers

16/07/2014 07:17

Attorney General Eric T. Schneiderman issued a new report examining the growing number, complexity, and costs of data breaches in the New York State. The report reveals that the number of reported data security breaches in New York more than tripled between 2006 and 2013. In that same period, 22.8...

Cyber-Insurance Valuable yet Still Needs to Evolve by Robert Lemos

14/07/2014 08:13

Insurance firms need more tools to better gauge risk and appropriately cover businesses for damages sustained during cyber-attacks. While cyber-insurance could significantly help companies reduce their risk and direct businesses to develop better security practices, the insurance industry...

Cyber risk growth constitutes huge threat but huge business opportunity by Insurance Business

09/07/2014 06:28

We’ve come a long way in the last 20 years. In the mid nineties we were just discovering this wonderful new thing called the internet and the joys of waiting for a dial-up connection to AOL. Now, just two quick decades later, we live in a world where a large part of our lives is spent online. The...

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