Beazley presentation master

Size: px
Start display at page:

Download "Beazley presentation master"

Transcription

1 The Art of Breach Management Beazley presentation master February 2008

2 A Brief Review of Data Breaches

3 What is a Data Breach? Actual release or disclosure of information to an unauthorized individual/entity that relates to a person and that: o May cause the person inconvenience or harm (financial/reputational) Personally Identifiable Information (PII) Protected Healthcare Information (PHI) o May cause your company inconvenience or harm (financial/reputational) Customer Data, Applicant Data Current/Former Employee Data, Applicant Data Corporate Information/Intellectual Property 3

4 What Kinds of Information are at Risk? Consumer Information Credit Cards, Debit Cards, and other payment information Social Security Numbers, ITIN s s, and other taxpayer records Customer Transaction Information, like order history, account numbers, etc. Protected Healthcare Information (PHI), including medical records, test results, appointment history Personally Identifiable Information (PII), like Drivers License and Passport details Financial information, like account balances, loan history, and credit reports Non-PII, like addresses, phone lists, and home address that may not be independently sensitive, but may be more sensitive with one or more of the above Employee Information Employers have at least some of the above information on all of their employees Business Partners Vendors and business partners may provide some of the above information, particularly for Sub-contractors and Independent Contractors All of the above types of information may also be received from commercial clients as a part of commercial transactions or services In addition, B2B exposures like projections, forecasts, M&A activity, and trade secrets Many people think that without credit cards or PHI, they don t have a data breach risk. But can you think of any business without any of the above kinds of information? 4

5 Types of Data Security Breaches Improper Disposal of Data o Paper Un-shredded Documents File cabinets without checking for contents X-Ray Images o Electronic assets computers, smart phones, backup tapes, hard drives, servers, copiers, fax machines, scanners, printers Phishing/Spear Phishing Attacks Network Intrusions/Hacks/Malware Viruses Lost/Missing/Stolen Electronic Assets Mishaps due to Broken Business Practices Rogue Employees 5

6 Why we should be careful with the word Breach Perception is Half the Battle o People use breach too frequently and you don t want your customers or regulators to think you are subject to numerous breaches o Breach suggests something bad happened or is going to happen o Breach has legal significance Train your Incident Response Team to not use Breach within internal communications as you vet out or investigate the Security Incident 6

7 A Simplified View of a Data Breach Discovery of a Data Breach Evaluation of the Data Breach Managing the Short-Term Crisis Handling the Long-Term Consequences Class-Action Lawsuits Theft, loss, or Unauthorized Disclosure of Personally Identifiable Non-Public Information or Third Party Corporate Information that is in the care, custody or control of the Insured Organization, or a third party for whom the Insured Organization is legally liable Forensic Investigation and Legal Review Notification and Credit Monitoring Public Relations Regulatory Fines, Penalties, and Consumer Redress Reputational Damage Income Loss 7

8 Preparedness VS Response

9 Breach Preparedness vs. Breach Response Identify What information exists? Where is it? What format is it in? How easy or difficult is it to access? Investigate Retain Outside Counsel with Privacy Law Expertise Determine who and what caused the breach Document investigation and findings in a legally defensible manner Plan Do you know what your regulatory and compliance requirements are? Are you meeting them? Are you familiar with international data privacy laws that impact your business? Do you have a records retention schedule and policy? Do you have a response plan should a breach incident occur? Respond Determine the scope of the breach and potential notification duty Ensure appropriate parties are contacted in a timely and professional manner. Provide a mitigation or remediation resource as appropriate Retain Crisis Management / Reputational Risk Advisory Services as necessary Protect Are the systems and networks that hold the data secure? Are you utilizing storage technologies that will support your compliance with regulatory requirements? Are you securely destroying data and storage that has met the end of its retention period or lifecycle? Defend D f d Regulatory Defense Civil Liability Defense

10 Best Practices Breach Preparedness and Prevention Risk Transfer Instrument Background Screening Program Pre-Arrange Breach Response Services e-learning Initiative Incident Response Plan Tabletop Exercises Privacy Summit Legislative updates 10

11 Best Practices Breach Response Management Retain Outside Counsel Notify Correctly vs.. Quickly Outside Call Center When Appropriate Reputational Risk Advisor When Appropriate Investigate Investigate Investigate Leverage a Breach Service Provider to conduct Recovery 11

12 Thinking About Data Breaches Facts The cost of a significant data breach is estimated to be $200+/identity Direct costs like forensics, notification, and credit monitoring are significant and increasing Indirect, uninsurable costs, like lost business and reputational damage, may represent 2/3rds of the total loss after a data breach Beazley Insights Companies see a 10%+ drop in breach costs after their second breach Companies that provide timely and accurate notification see less reputational damage and attract less regulatory scrutiny Only 36% of companies notify affected consumers within 30 days, but companies that notify quickly spend 10%+ more on their breach response Good breach response requires experience and specialized expertise, so most companies struggle when handling their data breaches independently Mitigating reputational damage by avoiding unnecessary breach notifications is critical Conclusion A timely, complete breach response using the best available experts is the best way to mitigate future liability and minimize lost business and reputational damage 12

13 Contact Information: Kristen Dauphinais Work: Cell:

The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services

The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services What we are NOT doing today Providing Legal Advice o Informational Purposes

More information

The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services

The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services What we are NOT doing today Providing Legal Advice o Informational Purposes

More information

THE DATA BREACH: How to stay defensible before, during and after the incident. after the incident.

THE DATA BREACH: How to stay defensible before, during and after the incident. after the incident. THE DATA BREACH: How to stay defensible before, during and after the incident. after the incident. September 22, 2015 Erica Ouellette Beazley Technology, Media & Business Services Alyson Newton, Executive

More information

SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry

SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry DATA BREACH A FICTIONAL CASE STUDY THE FIRST SIGNS OF TROUBLE Friday, 5.20 pm :

More information

Anatomy of a Privacy and Data Breach

Anatomy of a Privacy and Data Breach Anatomy of a Privacy and Data Breach Understanding the Risk and Managing a Crisis Adam Kardash: Partner, Heenan Blaikie LLP Robert Parisi: Senior Vice President, Marsh Leadership, Knowledge, Solutions

More information

Cyber Liability. AlaHA Annual Meeting 2013

Cyber Liability. AlaHA Annual Meeting 2013 Cyber Liability AlaHA Annual Meeting 2013 Disclaimer We are not providing legal advise. This Presentation is a broad overview of health care cyber loss exposures, the process in the event of loss and coverages

More information

Data Breach and Senior Living Communities May 29, 2015

Data Breach and Senior Living Communities May 29, 2015 Data Breach and Senior Living Communities May 29, 2015 Todays Objectives: 1. Discuss Current Data Breach Trends & Issues 2. Understanding Why The Senior Living Industry May Be A Target 3. Data Breach Costs

More information

Don t Be a Victim to Data Breach Risks Protecting Your Organization From Data Breach and Privacy Risks

Don t Be a Victim to Data Breach Risks Protecting Your Organization From Data Breach and Privacy Risks Don t Be a Victim to Data Breach Risks Protecting Your Organization From Data Breach and Privacy Risks Thank you for joining us. We have a great many participants in today s call. Your phone is currently

More information

DATA BREACH COVERAGE

DATA BREACH COVERAGE THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ THIS CAREFULLY. DATA BREACH COVERAGE SCHEDULE OF COVERAGE LIMITS Coverage Limits of Insurance Data Breach Coverage $50,000 Legal Expense Coverage $5,000

More information

Managing Cyber & Privacy Risks

Managing Cyber & Privacy Risks Managing Cyber & Privacy Risks NAATP Conference 2013 NSM Insurance Group Sean Conaboy Rich Willetts SEAN CONABOY INSURANCE BROKER NSM INSURANCE GROUP o Sean has been with NSM Insurance Group for the past

More information

Best practices and insight to protect your firm today against tomorrow s cybersecurity breach

Best practices and insight to protect your firm today against tomorrow s cybersecurity breach Best practices and insight to protect your firm today against tomorrow s cybersecurity breach July 8, 2015 Baker Tilly Virchow Krause, LLP Baker Tilly refers to Baker Tilly Virchow Krause, LLP, an independently

More information

GALLAGHER CYBER LIABILITY PRACTICE. Tailored Solutions for Cyber Liability and Professional Liability

GALLAGHER CYBER LIABILITY PRACTICE. Tailored Solutions for Cyber Liability and Professional Liability GALLAGHER CYBER LIABILITY PRACTICE Tailored Solutions for Cyber Liability and Professional Liability Are you exposed to cyber risk? Like nearly every other business, you have probably capitalized on the

More information

plantemoran.com What School Personnel Administrators Need to know

plantemoran.com What School Personnel Administrators Need to know plantemoran.com Data Security and Privacy What School Personnel Administrators Need to know Tomorrow s Headline Let s hope not District posts confidential data online (Tech News, May 18, 2007) In one of

More information

Advice from the Trenches: Preparing for the Challenges and Pressures of a Security Incident Investigation

Advice from the Trenches: Preparing for the Challenges and Pressures of a Security Incident Investigation Advice from the Trenches: Preparing for the Challenges and Pressures of a Security Incident Investigation Marshall Heilman Managing Director Craig A. Hoffman Partner Who we are Marshall Heilman Craig Hoffman

More information

Cyber Insurance: How to Investigate the Right Coverage for Your Company

Cyber Insurance: How to Investigate the Right Coverage for Your Company 6-11-2015 Cyber Insurance: How to Investigate the Right Coverage for Your Company Presented by: Faith M. Heikkila, Ph.D., CISM, CIPM, CIPP-US, ABCP Greenleaf Trust Chief Information Security Officer (CISO)

More information

BUSINESS ASSOCIATE AGREEMENT. Business Associate. Business Associate shall mean.

BUSINESS ASSOCIATE AGREEMENT. Business Associate. Business Associate shall mean. BUSINESS ASSOCIATE AGREEMENT This Business Associate Agreement is made as of the day of, 2010, by and between Methodist Lebonheur Healthcare, on behalf of itself and all of its affiliates ( Covered Entity

More information

Discussion on Network Security & Privacy Liability Exposures and Insurance

Discussion on Network Security & Privacy Liability Exposures and Insurance Discussion on Network Security & Privacy Liability Exposures and Insurance Presented By: Kevin Violette Errors & Omissions Senior Broker, R.T. Specialty, LLC February, 25 2014 HFMA Washington-Alaska Chapter

More information

Cyber and Privacy Risk What Are the Trends? Is Insurance the Answer?

Cyber and Privacy Risk What Are the Trends? Is Insurance the Answer? Minnesota Society for Healthcare Risk Management September 22, 2011 Cyber and Privacy Risk What Are the Trends? Is Insurance the Answer? Melissa Krasnow, Partner, Dorsey & Whitney, and Certified Information

More information

Cyber Liability. Michael Cavanaugh, RPLU Vice President, Director of Production Apogee Insurance Group 877-337-3200 Ext. 7029

Cyber Liability. Michael Cavanaugh, RPLU Vice President, Director of Production Apogee Insurance Group 877-337-3200 Ext. 7029 Cyber Liability Michael Cavanaugh, RPLU Vice President, Director of Production Apogee Insurance Group 877-337-3200 Ext. 7029 Today s Agenda What is Cyber Liability? What are the exposures? Reality of a

More information

Heather L. Hughes, J.D. HIPAA Privacy Officer U.S. Legal Support, Inc. hhughes@uslegalsupport.com www.uslegalsupport.com

Heather L. Hughes, J.D. HIPAA Privacy Officer U.S. Legal Support, Inc. hhughes@uslegalsupport.com www.uslegalsupport.com Heather L. Hughes, J.D. HIPAA Privacy Officer U.S. Legal Support, Inc. hhughes@uslegalsupport.com www.uslegalsupport.com HIPAA Privacy Rule Sets standards for confidentiality and privacy of individually

More information

Cyber Insurance: How to Investigate the

Cyber Insurance: How to Investigate the 10-26-2015 Cyber Insurance: How to Investigate the Right Coverage for Your Company Presented by: Faith M. Heikkila, Ph.D., CISM, CIPM, CIPP-US, ABCP Greenleaf Trust Chief Information Security Officer (CISO)

More information

Cyber/Information Security Insurance. Pros / Cons and Facts to Consider

Cyber/Information Security Insurance. Pros / Cons and Facts to Consider 1 Cyber/Information Security Insurance Pros / Cons and Facts to Consider 2 Presenters Calvin Rhodes, Georgia Chief Information Officer Ron Baldwin, Montana Chief Information Officer Ted Kobus, Partner

More information

Understanding the Business Risk

Understanding the Business Risk AAPA Cybersecurity Seminar Andaz Savannah Hotel March 11, 2015 10:30 am Noon Understanding the Business Risk Presenter: Joshua Gold, Esq. (212) 278-1886 jgold@andersonkill.com Disclaimer The views expressed

More information

Data Loss Prevention Program

Data Loss Prevention Program Data Loss Prevention Program Safeguarding Intellectual Property Author: Powell Hamilton Senior Managing Consultant Foundstone Professional Services One of the major challenges for today s IT security professional

More information

Law Firm Cyber Security & Compliance Risks

Law Firm Cyber Security & Compliance Risks ALA WEBINAR Law Firm Cyber Security & Compliance Risks James Harrison CEO, INVISUS Breach Risks & Trends 27.5% increase in breaches in 2014 (ITRC) Over 500 million personal records lost or stolen in 2014

More information

BUSINESS ASSOCIATE AGREEMENT

BUSINESS ASSOCIATE AGREEMENT BUSINESS ASSOCIATE AGREEMENT 1. DEFINITIONS: 1.1 Undefined Terms: Terms used, but not otherwise defined, in this Agreement shall have the same meaning as those terms defined by the Health Insurance Portability

More information

PROFESSIONAL RISK PRIVACY CLAIMS SCENARIOS

PROFESSIONAL RISK PRIVACY CLAIMS SCENARIOS PROFESSIONAL RISK PRIVACY CLAIMS SCENARIOS The following claim scenarios are hypothetical and are offered solely to illustrate the types of situations that may result in claims. Although sorted by industry,

More information

Disclaimer: Template Business Associate Agreement (45 C.F.R. 164.308)

Disclaimer: Template Business Associate Agreement (45 C.F.R. 164.308) HIPAA Business Associate Agreement Sample Notice Disclaimer: Template Business Associate Agreement (45 C.F.R. 164.308) The information provided in this document does not constitute, and is no substitute

More information

Network Security & Privacy Landscape

Network Security & Privacy Landscape Network Security & Privacy Landscape Presented By: Pam Townley, AVP / Eastern Zonal Manager AIG Professional Liability Division Jennifer Bolling, Account Executive Gallagher Management Liability Division

More information

Be Afraid, Be Very Afraid!!! Hacking Out the Pros and Cons of Captive Cyber Liability Insurance

Be Afraid, Be Very Afraid!!! Hacking Out the Pros and Cons of Captive Cyber Liability Insurance Be Afraid, Be Very Afraid!!! Hacking Out the Pros and Cons of Captive Cyber Liability Insurance Today s agenda Introductions Cyber exposure overview Cyber insurance market and coverages Captive cyber insurance

More information

University of Pittsburgh Security Assessment Questionnaire (v1.5)

University of Pittsburgh Security Assessment Questionnaire (v1.5) Technology Help Desk 412 624-HELP [4357] technology.pitt.edu University of Pittsburgh Security Assessment Questionnaire (v1.5) Directions and Instructions for completing this assessment The answers provided

More information

Data Breach Cost. Risks, costs and mitigation strategies for data breaches

Data Breach Cost. Risks, costs and mitigation strategies for data breaches Data Breach Cost Risks, costs and mitigation strategies for data breaches Tim Stapleton, CIPP/US Deputy Global Head of Professional Liability Zurich General Insurance Data Breaches: Greater frequency,

More information

Cyber Liability & Data Breach Insurance Claims

Cyber Liability & Data Breach Insurance Claims Cyber Liability & Data Breach Insurance Claims A Study of Actual Payouts for Covered Data Breaches Mark Greisiger President NetDiligence June 2011 Last year, privacy breaches ran about 1-2 per week. This

More information

FINAL May 2005. Guideline on Security Systems for Safeguarding Customer Information

FINAL May 2005. Guideline on Security Systems for Safeguarding Customer Information FINAL May 2005 Guideline on Security Systems for Safeguarding Customer Information Table of Contents 1 Introduction 1 1.1 Purpose of Guideline 1 2 Definitions 2 3 Internal Controls and Procedures 2 3.1

More information

Cyber Liability. What School Districts Need to Know

Cyber Liability. What School Districts Need to Know Cyber Liability What School Districts Need to Know Data Breaches Growing In Number Between January 1, 2008 and April 4, 2012 314,216,842 reported records containing sensitive personal information have

More information

Your Agency Just Had a Privacy Breach Now What?

Your Agency Just Had a Privacy Breach Now What? 1 Your Agency Just Had a Privacy Breach Now What? Kathleen Claffie U.S. Customs and Border Protection What is a Breach The loss of control, compromise, unauthorized disclosure, unauthorized acquisition,

More information

Insurance Considerations Related to Data Security and Breach in Outsourcing Agreements

Insurance Considerations Related to Data Security and Breach in Outsourcing Agreements Insurance Considerations Related to Data Security and Breach in Outsourcing Agreements Greater New York Chapter Association of Corporate Counsel November 19, 2015 Stephen D. Becker, Executive Vice President

More information

Joe A. Ramirez Catherine Crane

Joe A. Ramirez Catherine Crane RIMS/RMAFP PRESENTATION Joe A. Ramirez Catherine Crane RISK TRANSFER VIA INSURANCE Most Common Method Involves Assessment of Risk and Loss Potential Risk of Loss Transferred For a Premium Insurance Contract

More information

APIP - Cyber Liability Insurance Coverages, Limits, and FAQ

APIP - Cyber Liability Insurance Coverages, Limits, and FAQ APIP - Cyber Liability Insurance Coverages, Limits, and FAQ The state of Washington purchases property insurance from Alliant Insurance Services through the Alliant Property Insurance Program (APIP). APIP

More information

CSR Breach Reporting Service Frequently Asked Questions

CSR Breach Reporting Service Frequently Asked Questions CSR Breach Reporting Service Frequently Asked Questions Quick and Complete Reporting is Critical after Data Loss Why do businesses need this service? If organizations don t have this service, what could

More information

Vermont Information Technology Leaders

Vermont Information Technology Leaders Vermont Information Technology Leaders HIPAA COMPLIANCE POLICIES AND PROCEDURES Policy Number: InfoSec 4 Policy Title: Information Security Incident Response January 26, 2016 IDENT INFOSEC4 Type of Document:

More information

MIT s Information Security Program for Protecting Personal Information Requiring Notification. (Revision date: 2/26/10)

MIT s Information Security Program for Protecting Personal Information Requiring Notification. (Revision date: 2/26/10) MIT s Information Security Program for Protecting Personal Information Requiring Notification (Revision date: 2/26/10) Table of Contents 1. Program Summary... 3 2. Definitions... 4 2.1 Identity Theft...

More information

RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION

RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION October 23, 2015 THREAT ENVIRONMENT Growing incentive for insiders to abuse access to sensitive data for financial gain Disgruntled current and former

More information

SMB Data Breach Risk Management Best Practices. By Mark Pribish February 19, 2015

SMB Data Breach Risk Management Best Practices. By Mark Pribish February 19, 2015 SMB Data Breach Risk Management Best Practices By Mark Pribish February 19, 2015 Presentation Agenda About Mark Pribish Information Governance The Threat Landscape Data Breach Trends Legislative and Regulatory

More information

Privacy / Network Security Liability Insurance Discussion. January 30, 2013. Kevin Violette RT ProExec

Privacy / Network Security Liability Insurance Discussion. January 30, 2013. Kevin Violette RT ProExec Privacy / Network Security Liability Insurance Discussion January 30, 2013 Kevin Violette RT ProExec 1 Irrefutable Laws of Information Security 1) Information wants to be free People want to talk, post,

More information

HIPAA PRIVACY AND SECURITY AWARENESS. Covering Kids and Families of Indiana April 10, 2014

HIPAA PRIVACY AND SECURITY AWARENESS. Covering Kids and Families of Indiana April 10, 2014 HIPAA PRIVACY AND SECURITY AWARENESS Covering Kids and Families of Indiana April 10, 2014 GOALS AND OBJECTIVES The goal is to provide information to you to promote personal responsibility and behaviors

More information

Cyber Liability Insurance: It May Surprise You

Cyber Liability Insurance: It May Surprise You Cyber Liability Insurance: It May Surprise You Moderator Eugene Montgomery, President & CEO Community Financial Insurance Center Panelists Antonio Trotta, Senior Claim Counsel, CNA Specialty William Heinbokel,

More information

HIPAA Privacy Rule Policies

HIPAA Privacy Rule Policies DRAFT - Policies and Procedures PRIVACY OFFICE ASSIGNMENT AND RESPONSIBILITIES APPROVED BY: SUPERCEDES POLICY: Policy #1 ADOPTED: REVISED: REVIEWED: Purpose This policy is designed to assure the establishment

More information

Nerds and Geeks Re-United: Towards a Practical Approach to Health Privacy Breaches. Gerard M. Stegmaier gstegmaier@wsgr.

Nerds and Geeks Re-United: Towards a Practical Approach to Health Privacy Breaches. Gerard M. Stegmaier gstegmaier@wsgr. Nerds and Geeks Re-United: Towards a Practical Approach to Health Privacy Breaches Gerard M. Stegmaier gstegmaier@wsgr.com @1sand0slawyer Data Breach Trends 2011 Average Loss to Organization = $5.5 million

More information

Best Practices in Incident Response. SF ISACA April 1 st 2009. Kieran Norton, Senior Manager Deloitte & Touch LLP

Best Practices in Incident Response. SF ISACA April 1 st 2009. Kieran Norton, Senior Manager Deloitte & Touch LLP Best Practices in Incident Response SF ISACA April 1 st 2009 Kieran Norton, Senior Manager Deloitte & Touch LLP Current Landscape What Large scale breaches and losses involving credit card data and PII

More information

The potential legal consequences of a personal data breach

The potential legal consequences of a personal data breach The potential legal consequences of a personal data breach Tue Goldschmieding, Partner 16 April 2015 The potential legal consequences of a personal data breach 15 April 2015 Contents 1. Definitions 2.

More information

BUSINESS ASSOCIATE AGREEMENT

BUSINESS ASSOCIATE AGREEMENT BUSINESS ASSOCIATE AGREEMENT The parties to this ( Agreement ) are, a _New York_ corporation ( Business Associate ) and ( Client ) you, as a user of our on-line health record system (the "System"). BY

More information

Brief. The BakerHostetler Data Security Incident Response Report 2015

Brief. The BakerHostetler Data Security Incident Response Report 2015 Brief The BakerHostetler Data Security Incident Response Report 2015 The rate of disclosures of security incidents in 2015 continues at a pace that caused many to call 2013 and then 2014 the year of the

More information

Rogers Insurance Client Presentation

Rogers Insurance Client Presentation Rogers Insurance Client Presentation Network Security and Privacy Breach Insurance Presented by Matthew Davies Director Professional, Media & Cyber Liability Chubb Insurance Company of Canada mdavies@chubb.com

More information

Cyber Security: Emerging Risks and Trends (and what you can do about it)

Cyber Security: Emerging Risks and Trends (and what you can do about it) Cyber Security: Emerging Risks and Trends (and what you can do about it) UVU Business and Economic Forum May 19, 2016 Presented by: Daniel D. Hill, Esq. Christopher Droubay, Esq. Risks and Trends Widely

More information

Data Breach and Cybersecurity: What Happens If You or Your Vendor Is Hacked

Data Breach and Cybersecurity: What Happens If You or Your Vendor Is Hacked Data Breach and Cybersecurity: What Happens If You or Your Vendor Is Hacked Linda Vincent, R.N., P.I., CITRMS Vincent & Associates Founder The Identity Advocate San Pedro, California The opinions expressed

More information

Data Security Incident Response Plan. [Insert Organization Name]

Data Security Incident Response Plan. [Insert Organization Name] Data Security Incident Response Plan Dated: [Month] & [Year] [Insert Organization Name] 1 Introduction Purpose This data security incident response plan provides the framework to respond to a security

More information

Data Breaches and Trade Secrets: What to Do When Your Client Gets Hacked

Data Breaches and Trade Secrets: What to Do When Your Client Gets Hacked Data Breaches and Trade Secrets: What to Do When Your Client Gets Hacked R. Mark Halligan, FisherBroyles, LLP Andreas Kaltsounis, Stroz Friedberg Amy L. Carlson, Stoel Rives LLP Moderated by David A. Bateman,

More information

Cyber Threats: Exposures and Breach Costs

Cyber Threats: Exposures and Breach Costs Issue No. 2 THREAT LANDSCAPE Technological developments do not only enhance capabilities for legitimate business they are also tools that may be utilized by those with malicious intent. Cyber-criminals

More information

Issue #5 July 9, 2015

Issue #5 July 9, 2015 Issue #5 July 9, 2015 Breach Response Plans by Lyndsay A. Wasser, CIPP/C, Co-Chair Privacy Privacy breaches can occur despite an organization s best efforts to prevent them. When such incidents arise,

More information

AUGUST 28, 2013 INFORMATION TECHNOLOGY INCIDENT RESPONSE PLAN. 1250 Siskiyou Boulevard Ashland OR 97520

AUGUST 28, 2013 INFORMATION TECHNOLOGY INCIDENT RESPONSE PLAN. 1250 Siskiyou Boulevard Ashland OR 97520 AUGUST 28, 2013 INFORMATION TECHNOLOGY INCIDENT RESPONSE PLAN 1250 Siskiyou Boulevard Ashland OR 97520 Revision History Revision Change Date 1.0 Initial Incident Response Plan 8/28/2013 Official copies

More information

Personal Information Protection Act Information Sheet 11

Personal Information Protection Act Information Sheet 11 Notification of a Security Breach Personal Information Protection Act Information Sheet 11 Introduction Personal information is used by organizations for a variety of purposes: retail and grocery stores

More information

Privacy Rights Clearing House

Privacy Rights Clearing House 10/13/15 Cybersecurity in Education What you face as educational organizations How to Identify, Monitor and Protect Presented by Jamie Gershon Sr. Vice President Education Practice Group 1 Privacy Rights

More information

Insurance for Data Breaches in the Hospitality Industry

Insurance for Data Breaches in the Hospitality Industry The Academy of Hospitality Industry Attorneys The Pl Palmer House Hilton Chicago, IL April 25, 2014 Insurance for Data Breaches in the Hospitality Industry Presenters: David P. Bender, Jr. dbender@andersonkill.com

More information

Data Security Breach. How to Respond

Data Security Breach. How to Respond Data Security Breach How to Respond About ERM About The Speaker Information Security Director at ERM CISSP, CISA, CRISC, PCIP, PCI-QSA Core Experience: Information Assurance Computer Forensics Penetration

More information

Network Security & Privacy Landscape

Network Security & Privacy Landscape Network Security & Privacy Landscape Presented By: Greg Garijanian Senior Underwriter Professional Liability 1 Agenda Network Security Overview -Latest Threats - Exposure Trends - Regulations Case Studies

More information

CYBER & PRIVACY LIABILITY INSURANCE GUIDE

CYBER & PRIVACY LIABILITY INSURANCE GUIDE CYBER & PRIVACY LIABILITY INSURANCE GUIDE 01110000 01110010 011010010111011001100001 01100 01110000 01110010 011010010111011001100001 0110 Author Gamelah Palagonia, Founder CIPM, CIPT, CIPP/US, CIPP/G,

More information

Delaware Cyber Security Workshop September 29, 2015. William R. Denny, Esquire Potter Anderson & Corroon LLP

Delaware Cyber Security Workshop September 29, 2015. William R. Denny, Esquire Potter Anderson & Corroon LLP Changing Legal Landscape in Cybersecurity: Implications for Business Delaware Cyber Security Workshop September 29, 2015 William R. Denny, Esquire Potter Anderson & Corroon LLP Agenda Growing Cyber Threats

More information

T H E R E A L C O S T O F A D ATA B R E A C H

T H E R E A L C O S T O F A D ATA B R E A C H T H E R E A L C O S T O F A D ATA B R E A C H Hosted by AllClear ID www.allclearid.com/business WELCOME // QUICK NOTES Presentation is being recorded and will be available within 2-3 business days at www.allclearid.com/business

More information

Network Security and Data Privacy Insurance for Physician Groups

Network Security and Data Privacy Insurance for Physician Groups Network Security and Data Privacy Insurance for Physician Groups February 2014 Lockton Companies While exposure to medical malpractice remains a principal risk MIKE EGAN, CPCU Senior Vice President Unit

More information

HHS Finalizes HIPAA Privacy and Data Security Rules, Including Stricter Rules for Breaches of Unsecured PHI

HHS Finalizes HIPAA Privacy and Data Security Rules, Including Stricter Rules for Breaches of Unsecured PHI January 23, 2013 HHS Finalizes HIPAA Privacy and Data Security Rules, Including Stricter Rules for Breaches of Unsecured PHI Executive Summary HHS has issued final regulations that address recent legislative

More information

COMPLIANCE ALERT 10-12

COMPLIANCE ALERT 10-12 HAWAII HEALTH SYSTEMS C O R P O R A T I O N "Touching Lives Every Day COMPLIANCE ALERT 10-12 HIPAA Expansion under the American Recovery and Reinvestment Act of 2009 The American Recovery and Reinvestment

More information

Breach Notification Policy

Breach Notification Policy 1. Breach Notification Team. Breach Notification Policy Ferris State University ( Ferris State ), a hybrid entity with health care components, has established a Breach Notification Team, which consists

More information

Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014

Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014 Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014 Nikos Georgopoulos Privacy Liability & Data Breach Management wwww.privacyrisksadvisors.com October 2014

More information

The University of North Carolina at Charlotte Identity Theft Prevention Program

The University of North Carolina at Charlotte Identity Theft Prevention Program The University of North Carolina at Charlotte Identity Theft Prevention Program Program Adoption As a best practice and using as a guide the Federal Trade Commission s ( FTC ) Red Flags Rule ( Rule ),

More information

Implementing Electronic Medical Records (EMR): Mitigate Security Risks and Create Peace of Mind

Implementing Electronic Medical Records (EMR): Mitigate Security Risks and Create Peace of Mind Page1 Implementing Electronic Medical Records (EMR): Mitigate Security Risks and Create Peace of Mind The use of electronic medical records (EMRs) to maintain patient information is encouraged today and

More information

Logging In: Auditing Cybersecurity in an Unsecure World

Logging In: Auditing Cybersecurity in an Unsecure World About This Course Logging In: Auditing Cybersecurity in an Unsecure World Course Description $5.4 million that s the average cost of a data breach to a U.S.-based company. It s no surprise, then, that

More information

Is Your Company Ready for a Big Data Breach? Sponsored by Experian Data Breach Resolution

Is Your Company Ready for a Big Data Breach? Sponsored by Experian Data Breach Resolution Is Your Company Ready for a Big Data Breach? Sponsored by Experian Data Breach Resolution Independently conducted by Ponemon Institute LLC Publication Date: April 2013 Ponemon Institute Research Report

More information

Best Practices for a Healthcare Data Breach: What You Don t Know Will Cost You

Best Practices for a Healthcare Data Breach: What You Don t Know Will Cost You Best Practices for a Healthcare Data Breach: What You Don t Know Will Cost You By: Emilio Cividanes, Venable LLP Partner and Co-Chair Regulatory Practice Group Paul Luehr, Stroz Friedberg Managing Director

More information

Data Privacy & Security: Essential Questions Every Business Must Ask

Data Privacy & Security: Essential Questions Every Business Must Ask Data Privacy & Security: Essential Questions Every Business Must Ask Presented by: Riddell Williams P.S. Riddell Williams P.S. May 6, 2015 #4841-4703-9779 Innocent? 2 Overview 3 basic questions every business

More information

Cyber Liability. What you need to know! PRESENTED BY: GALLAGHER / CYBERRISK SERVICES MAY 2014 2013 ARTHUR J. GALLAGHER & CO.

Cyber Liability. What you need to know! PRESENTED BY: GALLAGHER / CYBERRISK SERVICES MAY 2014 2013 ARTHUR J. GALLAGHER & CO. Cyber Liability What you need to know! PRESENTED BY: GALLAGHER / CYBERRISK SERVICES MAY 2014 Most Common Reactions to Cyber Liability Questions: We don t need cyber liability coverage; we have tort immunity

More information

DEALERSHIP IDENTITY THEFT RED FLAGS AND NOTICES OF ADDRESS DISCREPANCY POLICY

DEALERSHIP IDENTITY THEFT RED FLAGS AND NOTICES OF ADDRESS DISCREPANCY POLICY DEALERSHIP IDENTITY THEFT RED FLAGS AND NOTICES OF ADDRESS DISCREPANCY POLICY This Plan we adopted by member, partner, etc.) on Our Program Coordinator (date). (Board of Directors, owner, We have appointed

More information

Use & Disclosure of Protected Health Information by Business Associates

Use & Disclosure of Protected Health Information by Business Associates Applicability: Policy Title: Policy Number: Use & Disclosure of Protected Health Information by Business Associates PP-12 Superseded Policy(ies) or Entity Policy: N/A Date Established: January 31, 2003

More information

BUSINESS ASSOCIATE AGREEMENT

BUSINESS ASSOCIATE AGREEMENT BUSINESS ASSOCIATE AGREEMENT This Business Associate Agreement (the Agreement ) is entered into by and between Professional Office Services, Inc., with principal place of business at PO Box 450, Waterloo,

More information

BUSINESS ASSOCIATE AGREEMENT First Choice Community Healthcare, Inc.

BUSINESS ASSOCIATE AGREEMENT First Choice Community Healthcare, Inc. BUSINESS ASSOCIATE AGREEMENT First Choice Community Healthcare, Inc. THIS BUSINESS ASSOCIATE AGREEMENT (BAA) is entered into by and between First Choice Community Healthcare, with a principal place of

More information

Mobile Medical Devices and BYOD: Latest Legal Threat for Providers

Mobile Medical Devices and BYOD: Latest Legal Threat for Providers Presenting a live 90-minute webinar with interactive Q&A Mobile Medical Devices and BYOD: Latest Legal Threat for Providers Developing a Comprehensive Usage Strategy to Safeguard Health Information and

More information

DOCUMENT RETENTION STRATEGIES FOR HEALTHCARE ORGANIZATIONS

DOCUMENT RETENTION STRATEGIES FOR HEALTHCARE ORGANIZATIONS Overview. DOCUMENT RETENTION STRATEGIES FOR HEALTHCARE ORGANIZATIONS A comprehensive and consistently applied document retention policy is necessary to reduce the risk of being charged with spoliation

More information

HIPAA Omnibus Rule Practice Impact. Kristen Heffernan MicroMD Director of Prod Mgt and Marketing

HIPAA Omnibus Rule Practice Impact. Kristen Heffernan MicroMD Director of Prod Mgt and Marketing HIPAA Omnibus Rule Practice Impact Kristen Heffernan MicroMD Director of Prod Mgt and Marketing 1 HIPAA Omnibus Rule Agenda History of the Rule HIPAA Stats Rule Overview Use of Personal Health Information

More information

BUSINESS ASSOCIATE AGREEMENT. Recitals

BUSINESS ASSOCIATE AGREEMENT. Recitals BUSINESS ASSOCIATE AGREEMENT This Agreement is executed this 8 th day of February, 2013, by BETA Healthcare Group. Recitals BETA Healthcare Group consists of BETA Risk Management Authority (BETARMA) and

More information

DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET

DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET 2014 NSGA Management Conference John Webb Jr., CIC Emery & Webb, Inc. Inga Goddijn, CIPP/US Risk Based Security, Inc. Not just a big business problem

More information

This presentation focuses on the Healthcare Breach Notification Rule. First published in 2009, the final breach notification rule was finalized in

This presentation focuses on the Healthcare Breach Notification Rule. First published in 2009, the final breach notification rule was finalized in This presentation focuses on the Healthcare Breach Notification Rule. First published in 2009, the final breach notification rule was finalized in the HIPAA Omnibus Rule of 2013. As part of the American

More information

CYBERSECURITY: THREATS, SOLUTIONS AND PROTECTION. Robert N. Young, Director Carruthers & Roth, P.A. Email: rny@crlaw.com Phone: (336) 478-1131

CYBERSECURITY: THREATS, SOLUTIONS AND PROTECTION. Robert N. Young, Director Carruthers & Roth, P.A. Email: rny@crlaw.com Phone: (336) 478-1131 CYBERSECURITY: THREATS, SOLUTIONS AND PROTECTION Robert N. Young, Director Carruthers & Roth, P.A. Email: rny@crlaw.com Phone: (336) 478-1131 TOPICS 1. Threats to your business s data 2. Legal obligations

More information

9/13/2011. Miscellaneous Current Topics in Healthcare Professional Liability. Antitrust Notice. Table of Contents. Cyber Liability.

9/13/2011. Miscellaneous Current Topics in Healthcare Professional Liability. Antitrust Notice. Table of Contents. Cyber Liability. Miscellaneous Current Topics in Healthcare Professional Liability Josh Zirin, FCAS, MAAA Antitrust Notice The Casualty Actuarial Society is committed to adhering strictly to the letter and spirit of the

More information

SAMPLE TEMPLATE. Massachusetts Written Information Security Plan

SAMPLE TEMPLATE. Massachusetts Written Information Security Plan SAMPLE TEMPLATE Massachusetts Written Information Security Plan Developed by: Jamy B. Madeja, Esq. Erik Rexford 617-227-8410 jmadeja@buchananassociates.com Each business is required by Massachusetts law

More information

HIPAA BUSINESS ASSOCIATE AGREEMENT

HIPAA BUSINESS ASSOCIATE AGREEMENT HIPAA BUSINESS ASSOCIATE AGREEMENT THIS HIPAA BUSINESS ASSOCIATE AGREEMENT ( BAA ) is entered into effective the day of, 20 ( Effective Date ), by and between the Regents of the University of Michigan,

More information

CYBER LIABILITY & INFORMATION SECURITY

CYBER LIABILITY & INFORMATION SECURITY MAIN: 919.926.4623 TOLL-FREE: 855.490.2528 WEBSITE: www.sentinelra.com CYBER LIABILITY & INFORMATION SECURITY In today's world, terms such as data breach and cyber liability are not new. With each year,

More information

Belmont Savings Bank. Are there Hackers at the gate? 2013 Wolf & Company, P.C.

Belmont Savings Bank. Are there Hackers at the gate? 2013 Wolf & Company, P.C. Belmont Savings Bank Are there Hackers at the gate? 2013 Wolf & Company, P.C. MEMBER OF PKF NORTH AMERICA, AN ASSOCIATION OF LEGALLY INDEPENDENT FIRMS 2013 Wolf & Company, P.C. About Wolf & Company, P.C.

More information

Lessons Learned from Recent HIPAA and Big Data Breaches. Briar Andresen Katie Ilten Ann Ladd

Lessons Learned from Recent HIPAA and Big Data Breaches. Briar Andresen Katie Ilten Ann Ladd Lessons Learned from Recent HIPAA and Big Data Breaches Briar Andresen Katie Ilten Ann Ladd Recent health care breaches Breach reports to OCR as of February 2015 1,144 breaches involving 500 or more individual

More information

Don t Wait Until It s Too Late: Top 10 Recommendations for Negotiating Your Cyber Insurance Policy

Don t Wait Until It s Too Late: Top 10 Recommendations for Negotiating Your Cyber Insurance Policy Privacy, Data Security & Information Use Insurance Recovery & Advisory Cyber Insurance June 17, 2015 Don t Wait Until It s Too Late: Top 10 Recommendations for Negotiating Your Cyber Insurance Policy By

More information

DATA PROTECTION LAWS OF THE WORLD. India

DATA PROTECTION LAWS OF THE WORLD. India DATA PROTECTION LAWS OF THE WORLD India Date of Download: 6 February 2016 INDIA Last modified 27 January 2016 LAW IN INDIA There is no specific legislation on privacy and data protection in India. However,

More information