Cyber Risk Checklist: Compliance with Legal Obligations Grand Rapids Cyber Security Conference April 23, 2014

Size: px
Start display at page:

Download "Cyber Risk Checklist: Compliance with Legal Obligations Grand Rapids Cyber Security Conference April 23, 2014"

Transcription

1 Cyber Risk Checklist: Compliance with Legal Obligations Grand Rapids Cyber Security Conference April 23, , Mika Meyers Beckett & Jones PLC All Rights Reserved Presented by: Jennifer A. Puplava Mika Meyers Beckett & Jones PLC 900 Monroe Avenue NW Grand Rapids, MI (616)

2 New Technologies Bring New Concerns Increased use of technology to communicate, operate, and manage information. Organizations generally fail to keep pace with escalating cybersecurity risks. Many business users use cloud applications without the knowledge or support of IT. (McAfee Labs 2014 Threats Predictions) Security incidents involving loss of data have increased. (PwC, The Global State of Information Security Survey 2014)

3 Key Cybersecurity Worries Mobile malware. Virtual currencies. Cybercrime and cyber warfare. Social attacks. PC and server attacks. Big Data. Attacks on the cloud. McAfee Labs 2014 Threats Predictions.

4 Key Cybersecurity Worries Mobility: increased risk due to BYOD, lost/stolen devices, lack of security controls, etc. Cloud Services: cross-border privacy concerns, unintentional upload of company data to cloud, etc. Uneducated use of technology: use of company devices for work and personal matters, use of free file-sharing services, etc.

5 Source of Threats Outsiders Hackers (looking for financial gain). Hacktivits (on ideological missions). Terrorists/organized crime. Competitors. Government.

6 Source of Threats Insiders Current/former employees. Current/former service providers, consultants, contractors. Suppliers/customers. Business partners. Information brokers. Different motivations: Disgruntled. Careless. Uneducated.

7 Benefits of Good Cybersecurity Program Protected data. Increased efficiency of operations and financial control. Minimize risk of damage caused by cybersecurity breach. Minimize risk of third party/regulatory action relating to cybersecurity breach. Protected reputation.

8 Range of Harms from Cybersecurity Breach Potential harm to business, consumers and the public. Loss of Integrity. Identity theft. Tainted data. Affected operations. Loss of Access/Availability. Loss of Confidence. Disclosure of Confidential Information. Compromised customer, user or employee records. Compromised trade secrets or other proprietary information.

9 Cybersecurity Standards Cybersecurity regulations and laws are a moving target. Currently there is a patchwork quilt of federal and state laws addressing cybersecurity, but no broad federal cybersecurity legislation.

10 Cybersecurity Standards Examples of Industry/Business-Specific Security Laws requiring protection of systems and information. Financial institutions (Financial Services Modernization Act of 1999, Gramm-Leach Bliley Act, Federal Financial Institutions Examination Council standards). Healthcare providers (HIPAA, HITECH). Federal agencies, or those who provide services on their behalf (Federal Information Security Management Act, Homeland Security Act). Family Educational Rights and Privacy Act (FERPA). Payment Card Industry Data Security Standards (PCI-DSS). SEC reporting requirements.

11 Cybersecurity Standards State Law. Trade secrets (e.g. Michigan Uniform Trade Secret Act) require reasonable security measures be taken. Social Security Number Privacy Act (in Michigan and other states). Data Breach Notification (e.g. Michigan Identity Theft Protection Act). Freedom of Information Act. International Laws. European Union Data Protection Regulation. Legislative development in several countries.

12 Other Cybersecurity Standards and Resources Contractual requirements. Information security management system standards published by International Organization for Standardization and International Electrotechnical Commissions (e.g. ISO/IEC regarding Information security management systems). Information Security Forum Standards of Good Practice. Now available for sale to the general public. Comprehensive list of best practices for information security. Atlantic Council (cybersecurity resources focusing on international and state issues). SANS Institute computer security training programs.

13 Examples of the Alphabet Soup of Privacy Regulations Electronic Communications Privacy Act (ECPA). Critical Infrastructure Information Act (CIIA). Fair Credit Reporting Act (FCRA). Fair Debt Collection Practices Act (FDCPA). Children s Online Privacy Protection Act (COPPA). Computer Fraud and Abuse Act (CFAA). Telephone Consumer Protection Act (TCPA). The Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM).

14 Best Guidance To Date: NIST Framework NIST Framework for Improving Critical Infrastructure Cybersecurity. Voluntary set of standards. Good starting point for developing best practices. Aimed at reducing and better managing cybersecurity risks. Could be used as a standard for evaluating reasonableness of an organizations cybersecurity program.

15 Potential Liability for Security Breaches Examples of Some Private Rights of Action. Negligence. Breach of contract. Breach of fiduciary duty. Invasion of privacy. Conversion. Unjust enrichment. Class actions. Waste of corporate assets. Abuse of control. Shareholder derivative suits.

16 Potential Liability for Security Breaches Examples of Regulatory Action. FTC enforcement actions due to inadequate data privacy and security measures. HHS enforcement actions against entities covered by HIPAA who fail to comply with privacy and security rules. Security and Exchange Commission can take action for failure to fully or timely disclose a material data breach. State enforcement actions can overlap with federal enforcement actions relating to the same security breach.

17 Potential Remedies for Cyberattacks Breach of contract. Federal Computer Fraud & Abuse Act. Trespass. Misappropriation. Copyright Infringement. Digital Millennium Copyright Act (if the defendant circumvented measures to block activity).

18 General Rules for Cybersecurity Be proactive rather than just reactive. Maintain reasonable procedures to protect sensitive information and comply with applicable law. Do not misrepresent your practices.

19 Best Practices in a Creating Cybersecurity Program The process of creating a cybersecurity program will be different for each organization no one-size-fits-all approach. Involve all levels of authority in creating a cybersecurity program. IT staff cannot be alone in this effort. Consider using NIST Cybersecurity Framework.

20 Best Practices in a Creating Cybersecurity Program Identify and prioritize corporate information assets. Inventory: Where data resides; The type of data collected; Type and location of equipment and devices used; Who can access the data; How and what sensitive information is transmitted to third parties; What information is retained and for how long.

21 Best Practices in a Creating Cybersecurity Program Assess legal requirements regarding ability to: Collect and retain information from employees, customers, and third parties. Use and share collected information. Secure collected information. Dispose of collected information. Evaluate risk of data loss. NIST Guide for Conducting Risk Assessments. FTC requires reasonable risk assessment. Assess cybersecurity risk of outsourced functions.

22 Best Practices in a Creating Cybersecurity Program Develop appropriate safeguards. Draft a security policy/plan. Address cybersecurity in vendor agreements. Consider cyber-insurance coverage. Accurately describe information sharing in customer Terms of Service and Privacy Policies. Implement technical, administrative, and physical controls using cost/benefit analysis. Train employees, and develop procedures for newly hired and exiting employees.

23 Best Practices in a Creating Cybersecurity Program Monitor and be prepared to respond to breaches. Develop procedures to stop the breach and remediate damaged functionality. Identify legal requirements relating reporting/notification in the event of a security breach. Draft a written computer incident response/data breach policy, and be prepared to mitigate an incident. Regularly evaluate the above.

24 Questions? Jennifer Puplava (616) Disclaimer: This presentation is to assist in a general understanding of some of the legal issues involved, and is not intended as legal advice. Persons with particular questions should seek the advice of counsel.

Prepare for the Worst: Best Practices for Responding to Cybersecurity Breaches Trivalent Solutions Expo June 19, 2014

Prepare for the Worst: Best Practices for Responding to Cybersecurity Breaches Trivalent Solutions Expo June 19, 2014 Prepare for the Worst: Best Practices for Responding to Cybersecurity Breaches Trivalent Solutions Expo June 19, 2014 2014, Mika Meyers Beckett & Jones PLC All Rights Reserved Presented by: Jennifer A.

More information

Key Considerations for Information Technology Governance. 900 Monroe NW Grand Rapids, MI 49503 (616) 632-8000

Key Considerations for Information Technology Governance. 900 Monroe NW Grand Rapids, MI 49503 (616) 632-8000 Key Considerations for Information Technology Governance What is IT Governance? Big Picture approach to information and data management Sets priorities: Managing performance Delivering value Managing risk

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

1/23/2015. MSBO Technology Committee January 22, 2015. Examples of Online Educational Services

1/23/2015. MSBO Technology Committee January 22, 2015. Examples of Online Educational Services MSBO Technology Committee January 22, 2015 Technology Policies Online Educational Services 2015 Mika Meyers Beckett & Jones PLC All Rights Reserved Presented by: Jennifer A. Puplava Mika Meyers Beckett

More information

Cyber Risks in the Boardroom

Cyber Risks in the Boardroom Cyber Risks in the Boardroom Managing Business, Legal and Reputational Risks Perspectives for Directors and Executive Officers Preparing Your Company to Identify, Mitigate and Respond to Risks in a Changing

More information

Cyber, PrivaCy. & Data SeCurity. www.mpplaw.com

Cyber, PrivaCy. & Data SeCurity. www.mpplaw.com Cyber, PrivaCy & Data SeCurity 360 www.mpplaw.com about our PraCtiCe Data is the lifeblood of our global economy. Collected, stored and transmitted, digital data not only imparts great opportunities, but

More information

Cybersecurity y Managing g the Risks

Cybersecurity y Managing g the Risks Cybersecurity y Managing g the Risks Presented by: Steven L. Caponi Jennifer Daniels Gregory F. Linsin 99 Cybersecurity The Risks Are Real Perpetrators are as varied as their goals Organized Crime: seeking

More information

Sharing Cybersecurity Threat Info With the Government -- Should You Be Afraid To Do So?

Sharing Cybersecurity Threat Info With the Government -- Should You Be Afraid To Do So? Sharing Cybersecurity Threat Info With the Government -- Should You Be Afraid To Do So? Bruce Heiman K&L Gates September 10, 2015 Bruce.Heiman@klgates.com (202) 661-3935 Why share information? Prevention

More information

A Privacy and Data Security Checklist for All

A Privacy and Data Security Checklist for All July 2015 Many companies know they have to follow privacy and data security rules. Companies in the health care industry know about Health Insurance Portability and Accountability Act (HIPAA). Financial

More information

WILLIS SPECIAL REPORT: 10K DISCLOSURES HOW RETAIL COMPANIES DESCRIBE THEIR CYBER LIABILITY EXPOSURES

WILLIS SPECIAL REPORT: 10K DISCLOSURES HOW RETAIL COMPANIES DESCRIBE THEIR CYBER LIABILITY EXPOSURES WILLIS SPECIAL REPORT: 10K DISCLOSURES HOW RETAIL COMPANIES DESCRIBE THEIR CYBER LIABILITY EXPOSURES This special report examines the cyber risk disclosures made by the retail sector of the Fortune 1000.

More information

www.bonddickinson.com Cyber Risks October 2014 2

www.bonddickinson.com Cyber Risks October 2014 2 www.bonddickinson.com Cyber Risks October 2014 2 Why this emerging sector matters Justin Tivey Legal Director T: +44(0)845 415 8128 E: justin.tivey The government estimates that the current cost of cyber-crime

More information

Internet Gaming: The New Face of Cyber Liability. Presented by John M. Link, CPCU Cottingham & Butler

Internet Gaming: The New Face of Cyber Liability. Presented by John M. Link, CPCU Cottingham & Butler Internet Gaming: The New Face of Cyber Liability Presented by John M. Link, CPCU Cottingham & Butler 1 Presenter John M. Link, Vice President jlink@cottinghambutler.com 2 What s at Risk? $300 billion in

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

Information Protection Framework: Data Security Compliance and Today s Healthcare Industry

Information Protection Framework: Data Security Compliance and Today s Healthcare Industry Information Protection Framework: Data Security Compliance and Today s Healthcare Industry Executive Summary Today s Healthcare industry is facing complex privacy and data security requirements. The movement

More information

Cyber Warfare. Global Economic Crime Survey. Causes of Cyber Attacks. David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP. Why Cybercrime?

Cyber Warfare. Global Economic Crime Survey. Causes of Cyber Attacks. David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP. Why Cybercrime? Cyber Warfare David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP Global Economic Crime Survey Cyber crime is the fastest growing economic crime up more than 2300% since 2009 1 in 10 companies

More information

Cybersecurity for Nonprofits: How to Protect Your Organization's Data While Still Fulfilling Your Mission. June 25, 2015

Cybersecurity for Nonprofits: How to Protect Your Organization's Data While Still Fulfilling Your Mission. June 25, 2015 Cybersecurity for Nonprofits: How to Protect Your Organization's Data While Still Fulfilling Your Mission June 25, 2015 1 Your Panelists Kenneth L. Chernof Partner, Litigation, Arnold & Porter LLP Nicholas

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

Information Security Handbook

Information Security Handbook Information Security Handbook Adopted 6/4/14 Page 0 Page 1 1. Introduction... 5 1.1. Executive Summary... 5 1.2. Governance... 5 1.3. Scope and Application... 5 1.4. Biennial Review... 5 2. Definitions...

More information

CYBER SECURITY A L E G A L P E R S P E C T I V E

CYBER SECURITY A L E G A L P E R S P E C T I V E A L E G A L P E R S P E C T I V E T H O M A S G. S C H R O E T E R A S S O C I A T E G E N E R A L C O U N S E L P O R T O F H O U S T O N A U T H O R I T Y DISCLAIMER! This presentation: does not include

More information

3/4/2015. Scope of Problem. Data Breaches A Daily Phenomenon. Cybersecurity: Minimizing Risk & Responding to Breaches. Anthem.

3/4/2015. Scope of Problem. Data Breaches A Daily Phenomenon. Cybersecurity: Minimizing Risk & Responding to Breaches. Anthem. Cybersecurity: Minimizing Risk & Responding to Breaches March 5, 2015 Andy Chambers Michael Kelly Jimmie Pursell Scope of Problem Data Breaches A Daily Phenomenon Anthem JP Morgan / Chase Sony Home Depot

More information

Cybersecurity Best Practices in Mortgage Banking. Article by Jim Deitch October 2015

Cybersecurity Best Practices in Mortgage Banking. Article by Jim Deitch October 2015 Cybersecurity Best Practices in Mortgage Banking Article by Jim Deitch Cybersecurity Best Practices in Mortgage Banking BY JIM DEITCH Jim Deitch Recent high-profile cyberattacks have clearly demonstrated

More information

www.pwc.com The data breach lifecycle: From prevention to response IAPP global privacy summit March 6, 2014 (4:30-5:30) Draft v8 2-25-14

www.pwc.com The data breach lifecycle: From prevention to response IAPP global privacy summit March 6, 2014 (4:30-5:30) Draft v8 2-25-14 www.pwc.com The data breach lifecycle: From prevention to response IAPP global privacy summit (4:30-5:30) Draft v8 2-25-14 Common Myths 1. You have not been hacked. 2. Cyber security is about keeping the

More information

Adding Cloud Solutions to Customer Contracts Robert J. Scott

Adding Cloud Solutions to Customer Contracts Robert J. Scott Adding Cloud Solutions to Customer Contracts Robert J. Scott MSP vs. Cloud Who owns the hardware? Where does the data reside? Dedicated vs. Multi tenant? Who contracts with 3 rd parties? How are services

More information

The Legal Pitfalls of Failing to Develop Secure Cloud Services

The Legal Pitfalls of Failing to Develop Secure Cloud Services SESSION ID: CSV-R03 The Legal Pitfalls of Failing to Develop Secure Cloud Services Cristin Goodwin Senior Attorney, Trustworthy Computing & Regulatory Affairs Microsoft Corporation Edward McNicholas Global

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

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 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

Current Developments Concerning Cybersecurity. ICI General Membership Meeting Legal Forum Jillian Bosmann and Nancy O Hara Thursday, May 19, 2016

Current Developments Concerning Cybersecurity. ICI General Membership Meeting Legal Forum Jillian Bosmann and Nancy O Hara Thursday, May 19, 2016 Current Developments Concerning Cybersecurity ICI General Membership Meeting Legal Forum Jillian Bosmann and Nancy O Hara Thursday, May 19, 2016 AGENDA Why is Cybersecurity Important? Top Cybersecurity

More information

Data breach, cyber and privacy risks. Brian Wright Lloyd Wright Consultants Ltd

Data breach, cyber and privacy risks. Brian Wright Lloyd Wright Consultants Ltd Data breach, cyber and privacy risks Brian Wright Lloyd Wright Consultants Ltd Contents Data definitions and facts Understanding how a breach occurs How insurance can help to manage potential exposures

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

7 th Annual Information Security Summit The Executive Forum. Information Security Management Overview

7 th Annual Information Security Summit The Executive Forum. Information Security Management Overview 7 th Annual Information Security Summit The Executive Forum Information Security Management Overview June 4, 2015 Copyright 2015. Citadel Information Group. All Rights Reserved. 2 Establishing Leadership.

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

Data Security Breaches: Learn more about two new regulations and how to help reduce your risks

Data Security Breaches: Learn more about two new regulations and how to help reduce your risks Data Security Breaches: Learn more about two new regulations and how to help reduce your risks By Susan Salpeter, Vice President, Zurich Healthcare Risk Management News stories about data security breaches

More information

Data Privacy: What your nonprofit needs to know. Donna Balaguer and Ed Lavergne Washington, D.C. February 5, 2015

Data Privacy: What your nonprofit needs to know. Donna Balaguer and Ed Lavergne Washington, D.C. February 5, 2015 Data Privacy: What your nonprofit needs to know Donna Balaguer and Ed Lavergne Washington, D.C. February 5, 2015 Overview 2 Data privacy versus data security Privacy polices and best practices Data security

More information

9/14/2015. Before we begin. Learning Objectives. Kevin Secrest IT Audit Manager, University of Pennsylvania

9/14/2015. Before we begin. Learning Objectives. Kevin Secrest IT Audit Manager, University of Pennsylvania Evaluating and Managing Third Party IT Service Providers Are You Really Getting The Assurance You Need To Mitigate Information Security and Privacy Risks? Kevin Secrest IT Audit Manager, University of

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

Information Security Law: Control of Digital Assets.

Information Security Law: Control of Digital Assets. Brochure More information from http://www.researchandmarkets.com/reports/2128523/ Information Security Law: Control of Digital Assets. Description: For most organizations, an effective information security

More information

Data Privacy and Cybersecurity Task Force

Data Privacy and Cybersecurity Task Force Data Privacy and Cybersecurity Task Force key contact Josephine Cicchetti Shareholder T: 202.965.8162 F: 202.965.8104 email We provide clients across industries with comprehensive counsel on complex, evolving,

More information

CYBER & PRIVACY INSURANCE FOR FINANCIAL INSTITUTIONS

CYBER & PRIVACY INSURANCE FOR FINANCIAL INSTITUTIONS CYBER & PRIVACY INSURANCE FOR FINANCIAL INSTITUTIONS 1 As regulators around the world move to tighten compliance requirements for financial institutions, improvement in cyber security controls will become

More information

Cybersecurity and Hospitals. What Hospital Trustees Need to Know About Managing Cybersecurity Risk and Response

Cybersecurity and Hospitals. What Hospital Trustees Need to Know About Managing Cybersecurity Risk and Response Cybersecurity and Hospitals What Hospital Trustees Need to Know About Managing Cybersecurity Risk and Response This resources was prepared exclusively for American Hospital Association members by Mary

More information

Data breach! cyber and privacy risks. Brian Wright Michael Guidry Lloyd Guidry LLC

Data breach! cyber and privacy risks. Brian Wright Michael Guidry Lloyd Guidry LLC Data breach! cyber and privacy risks Brian Wright Michael Guidry Lloyd Guidry LLC Collaborative approach Objective: To develop your understanding of a data breach, and risk transfer options to help you

More information

InsureTech 2015: Addressing cybersecurity and fraud in the ME insurance industry

InsureTech 2015: Addressing cybersecurity and fraud in the ME insurance industry InsureTech 2015: Addressing cybersecurity and fraud in the ME insurance industry Dino Wilkinson Partner Norton Rose Fulbright (Middle East) LLP 3 February 2015 The growing challenge of cyber risks From

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

Mitigating and managing cyber risk: ten issues to consider

Mitigating and managing cyber risk: ten issues to consider Mitigating and managing cyber risk: ten issues to consider The board of directors is responsible for managing and mitigating risk exposure. A recent study conducted by the Ponemon Institute 1 revealed

More information

Information Security Program

Information Security Program Stephen F. Austin State University Information Security Program Revised: September 2014 2014 Table of Contents Overview... 1 Introduction... 1 Purpose... 1 Authority... 2 Scope... 2 Information Security

More information

Top Ten Technology Risks Facing Colleges and Universities

Top Ten Technology Risks Facing Colleges and Universities Top Ten Technology Risks Facing Colleges and Universities Chris Watson, MBA, CISA, CRISC Manager, Internal Audit and Risk Advisory Services cwatson@schneiderdowns.com April 23, 2012 Overview Technology

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

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

Clients Legal Needs in HIPAA Security Compliance

Clients Legal Needs in HIPAA Security Compliance Clients Legal Needs in HIPAA Security Compliance Robyn A. Meinhardt, JD, RN FOLEY & LARDNER LLP 2004 Preserving Attorney-Client Privilege and Work Product Protections 1 Relevance to Security Compliance

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

THE BEST PRACTICES FOR DATA SECURITY AND PRIVACY IN VENDOR/ CLIENT RELATIONSHIPS

THE BEST PRACTICES FOR DATA SECURITY AND PRIVACY IN VENDOR/ CLIENT RELATIONSHIPS THE BEST PRACTICES FOR DATA SECURITY AND PRIVACY IN VENDOR/ CLIENT RELATIONSHIPS Data Law Group, P.C. Kari Kelly Deborah Shinbein YOU CAN T OUTSOURCE COMPLIANCE! Various statutes and regulations govern

More information

Hot Topics and Trends in Cyber Security and Privacy

Hot Topics and Trends in Cyber Security and Privacy Hot Topics and Trends in Cyber Security and Privacy M. Darren Traub March 13, 2015 Cyber Attacks Ranked Top 5 Most Likely Risks in 2015 - The World Economic Forum Recent Global Headlines Include: 1 Where

More information

www.pwc.com Cybersecurity and Privacy Hot Topics 2015

www.pwc.com Cybersecurity and Privacy Hot Topics 2015 www.pwc.com Cybersecurity and Privacy Hot Topics 2015 Table of Contents Cybersecurity and Privacy Incidents are on the rise Executives and Boards are focused on Emerging Risks Banking & Capital Markets

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

2015 PIAA Corporate Counsel Workshop October 22 23, 2015 Considerations in Cyber Liability Coverage

2015 PIAA Corporate Counsel Workshop October 22 23, 2015 Considerations in Cyber Liability Coverage 2015 PIAA Corporate Counsel Workshop October 22 23, 2015 Considerations in Cyber Liability Coverage Chris Reese Vice President, Director of Underwriting Connie Rivas Asst. Vice President, Contracts and

More information

THE 411 ON CYBERSECURITY, INFORMATION SHARING AND PRIVACY

THE 411 ON CYBERSECURITY, INFORMATION SHARING AND PRIVACY THE 411 ON CYBERSECURITY, INFORMATION SHARING AND PRIVACY DISCLAIMER Views expressed in this presentation are not necessarily those of our respective Departments Any answers to questions are our own opinions

More information

Cyber Risk: Global Warning? by Cinzia Altomare, Gen Re

Cyber Risk: Global Warning? by Cinzia Altomare, Gen Re Cyber Risk: Global Warning? by Cinzia Altomare, Gen Re Global Warning It is a matter of time before there is a major cyber attackon the global financial system and the public needs to invest heavily in

More information

How-To Guide: Cyber Security. Content Provided by

How-To Guide: Cyber Security. Content Provided by How-To Guide: Cyber Security Content Provided by Who needs cyber security? Businesses that have, use, or support computers, smartphones, email, websites, social media, or cloudbased services. Businesses

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

12/19/2014. HIPAA More Important Than You Realize. Administrative Simplification Privacy Rule Security Rule

12/19/2014. HIPAA More Important Than You Realize. Administrative Simplification Privacy Rule Security Rule HIPAA More Important Than You Realize J. Ira Bedenbaugh Consulting Shareholder February 20, 2015 This material was used by Elliott Davis Decosimo during an oral presentation; it is not a complete record

More information

Cybersecurity Executive Order

Cybersecurity Executive Order Cybersecurity Executive Order February 14, 2013 Michael DuBose, Kroll Advisory Solutions Gerald J. Ferguson, BakerHostetler Jason Straight, Kroll Advisory Solutions Theodore J. Kobus III, BakerHostetler

More information

Cyber-insurance: Understanding Your Risks

Cyber-insurance: Understanding Your Risks Cyber-insurance: Understanding Your Risks Cyber-insurance represents a complete paradigm shift. The assessment of real risks becomes a critical part of the analysis. This article will seek to provide some

More information

Cyber Exposure for Credit Unions

Cyber Exposure for Credit Unions Cyber Exposure for Credit Unions What it is and how to protect yourself L O C K T O N 2 0 1 2 www.lockton.com Add Cyber Title Exposure Here Overview #1 financial risk for Credit Unions Average cost of

More information

Privacy Law Basics and Best Practices

Privacy Law Basics and Best Practices Privacy Law Basics and Best Practices Information Privacy in a Digital World Stephanie Skaff sskaff@fbm.com What Is Information Privacy? Your name? Your phone number or home address? Your email address?

More information

HIT Audit Workshop. Jeffrey W. Short. jshort@hallrender.com

HIT Audit Workshop. Jeffrey W. Short. jshort@hallrender.com HIT Audit Workshop Jeffrey W. Short jshort@hallrender.com 1 Audits and Investigations to be Discussed Meaningful Use Audits HIPAA Audits Data Breach Investigations Software Vendor Audits FTC Investigations

More information

Adopting a Cybersecurity Framework for Governance and Risk Management

Adopting a Cybersecurity Framework for Governance and Risk Management The American Hospital Association s Center for Healthcare Governance 2015 Fall Symposium Adopting a Cybersecurity Framework for Governance and Risk Management Jim Giordano Vice Chairman & Chair of Finance

More information

Guylyn Cummins, Esq. Elizabeth Balfour, Esq.

Guylyn Cummins, Esq. Elizabeth Balfour, Esq. Privacy Law Perils in California, the Nation and Beyond: Securing Data, Responding to Theft of Data and Other Business Assets, Assessing Your Company s Privacy Policy, Evaluating Risks Presented by Your

More information

2/9/2012. The Third International Conference on Technical and Legal Aspects of the e-society CYBERLAWS 2012

2/9/2012. The Third International Conference on Technical and Legal Aspects of the e-society CYBERLAWS 2012 The Third International Conference on Technical and Legal Aspects of the e-society CYBERLAWS 2012 Legal Issues Involved in Creating Security Compliance Plans W. David Snead Attorney + Counselor Washington,

More information

www.shipmangoodwin.com Shipman & Goodwin LLP 2015. All rights reserved. @SGHealthLaw HARTFORD STAMFORD GREENWICH WASHINGTON, DC

www.shipmangoodwin.com Shipman & Goodwin LLP 2015. All rights reserved. @SGHealthLaw HARTFORD STAMFORD GREENWICH WASHINGTON, DC HIPAA Compliance and Non-Business Associate Vendors: Strategies and Best Practices July 14, 2015 William J. Roberts, Esq. Shipman & Goodwin LLP 2015. All rights reserved. HARTFORD STAMFORD GREENWICH WASHINGTON,

More information

Am I a Business Associate? Do I want to be a Business Associate? What are my obligations?

Am I a Business Associate? Do I want to be a Business Associate? What are my obligations? Am I a Business Associate? Do I want to be a Business Associate? What are my obligations? Brought to you by Winston & Strawn s Health Care Practice Group 2013 Winston & Strawn LLP Today s elunch Presenters

More information

White Paper on Financial Institution Vendor Management

White Paper on Financial Institution Vendor Management White Paper on Financial Institution Vendor Management Virtually every organization in the modern economy relies to some extent on third-party vendors that facilitate business operations in a wide variety

More information

Cybercrime and Regulatory Priorities for Cybersecurity

Cybercrime and Regulatory Priorities for Cybersecurity NRS Technology and Communication Compliance Forum Cybercrime and Regulatory Priorities for Cybersecurity Copyright 2014 by K&L Gates LLP. All rights reserved. Sean P. Mahoney sean.mahoney@klgates.com K&L

More information

Risky Business. Is Your Cybersecurity in Cruise Control? ISACA Austin Chapter Meeting May 5, 2015

Risky Business. Is Your Cybersecurity in Cruise Control? ISACA Austin Chapter Meeting May 5, 2015 Risky Business Is Your Cybersecurity in Cruise Control? ISACA Austin Chapter Meeting May 5, 2015 What We ll Cover About Me Background The threat Risks to your organization What your organization can/should

More information

Posted by David A. Katz, Wachtell, Lipton, Rosen & Katz, on Sunday December 16, 2012 at 10:20 am

Posted by David A. Katz, Wachtell, Lipton, Rosen & Katz, on Sunday December 16, 2012 at 10:20 am 1 of 7 5/8/2014 7:34 PM Posted by David A. Katz, Wachtell, Lipton, Rosen & Katz, on Sunday December 16, 2012 at 10:20 am Editor s Note: David A. Katz is a partner at Wachtell, Lipton, Rosen & Katz specializing

More information

Cyber Risk, Legal And Regulatory Issues, And Insurance Mitigation ISACA Pittsburgh Information Security Awareness Day

Cyber Risk, Legal And Regulatory Issues, And Insurance Mitigation ISACA Pittsburgh Information Security Awareness Day Lloyd s of London (Reuters) May 8, 2000 Cyber Risk, Legal And Regulatory Issues, And Insurance Mitigation ISACA Pittsburgh Information Security Awareness Day Rivers Casino, Pittsburgh November 17, 2014

More information

Cyber-Security Risk- IP Theft and Data Breaches Protecting your Crown Jewels Internally and with Your Key Third Parties

Cyber-Security Risk- IP Theft and Data Breaches Protecting your Crown Jewels Internally and with Your Key Third Parties Cyber-Security Risk- IP Theft and Data Breaches Protecting your Crown Jewels Internally and with Your Key Third Parties Pamela Passman President and CEO Center for Responsible Enterprise And Trade (CREATe.org)

More information

MANAGING Cybersecurity Risk AND DISCLOSURE OBLIGATIONS

MANAGING Cybersecurity Risk AND DISCLOSURE OBLIGATIONS MANAGING Cybersecurity Risk AND DISCLOSURE OBLIGATIONS RRD Donnelley SEC Hot Topics Institute May 21, 2014 1 MANAGING CYBERSECURITY RISK AND DISCLOSURE OBLIGATIONS Patrick J. Schultheis Partner Wilson

More information

CYBERSECURITY RISK MANAGEMENT

CYBERSECURITY RISK MANAGEMENT CYBERSECURITY RISK MANAGEMENT Evan Wolff Maida Lerner Peter Miller Kate Growley 233 Roadmap Cybersecurity Risk Overview Cybersecurity Trends Selected Cybersecurity Topics Critical Infrastructure DFARS

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

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

$194 per record lost* 3/15/2013. Global Economic Crime Survey. Data Breach Costs. David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP

$194 per record lost* 3/15/2013. Global Economic Crime Survey. Data Breach Costs. David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP David Childers, CEO Compli Vivek Krishnamurthy, Foley Hoag LLP Global Economic Crime Survey Global Cyber Crime is the fastest growing economic crime Cyber Crime is more lucrative than trafficking drugs!

More information

Cybersecurity. Are you prepared?

Cybersecurity. Are you prepared? Cybersecurity Are you prepared? First Cash, then your customer, now YOU! What is Cybersecurity? The body of technologies, processes, practices designed to protect networks, computers, programs, and data

More information

Overview of the HIPAA Security Rule

Overview of the HIPAA Security Rule Office of the Secretary Office for Civil Rights () Overview of the HIPAA Security Rule Office for Civil Rights Region IX Alicia Cornish, EOS Sheila Fischer, Supervisory EOS Topics Upon completion of this

More information

Data Privacy & Security in the Cloud: Legal Basics and New Developments

Data Privacy & Security in the Cloud: Legal Basics and New Developments Data Privacy & Security in the Cloud: Legal Basics and New Developments Lawrence R. Freedman Partner, Edwards Wildman Palmer LLP lfreedman@edwardswildman.com (202) 939-7923 1 The Basics Two basic data

More information

What Data? I m A Trucking Company!

What Data? I m A Trucking Company! What Data? I m A Trucking Company! Presented by: Marc C. Tucker 434 Fayetteville Street, Suite 2800 Raleigh, NC, 27601 919.755.8713 marc.tucker@smithmoorelaw.com Presented by: Rob D. Moseley, Jr. 2 West

More information

Major Legal Trends for 2015. Just Like 2014 Except More So. Charles Engros

Major Legal Trends for 2015. Just Like 2014 Except More So. Charles Engros Major Legal Trends for 2015 Just Like 2014 Except More So Charles Engros January 15, 2015 1 Major Legal Trends for 2015 SHAREHOLDER ACTIVISM SELLER S MARKET IN M&A DATA PROTECTION & PRIVACY Morgan, Lewis

More information

Data Security 101. Christopher M. Brubaker. A Lawyer s Guide to Ethical Issues in the Digital Age. cbrubaker@clarkhill.com

Data Security 101. Christopher M. Brubaker. A Lawyer s Guide to Ethical Issues in the Digital Age. cbrubaker@clarkhill.com Data Security 101 A Lawyer s Guide to Ethical Issues in the Digital Age Christopher M. Brubaker cbrubaker@clarkhill.com November 4-5, 2015 Pennsylvania Bar Institute 21 st Annual Business Lawyers Institute

More information

Cybercrime: Protecting Your Digital Assets in Today's Threat Landscape

Cybercrime: Protecting Your Digital Assets in Today's Threat Landscape Cybercrime: Protecting Your Digital Assets in Today's Threat Landscape Presented by Rachel Ratcliff OM03 Saturday, 10/5/2013 9:30 AM - 10:45 AM Cybercrime: Protecting Your Digital Assets in Today s Threat

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

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

October 24, 2014. Mitigating Legal and Business Risks of Cyber Breaches

October 24, 2014. Mitigating Legal and Business Risks of Cyber Breaches October 24, 2014 Mitigating Legal and Business Risks of Cyber Breaches AGENDA Introductions Cyber Threat Landscape Cyber Risk Mitigation Strategies 1 Introductions 2 Introductions To Be Confirmed Title

More information

THE WORLD IS MOVING FAST, SECURITY FASTER.

THE WORLD IS MOVING FAST, SECURITY FASTER. THE WORLD IS MOVING FAST, SECURITY FASTER. * COMMITTED TO SECURITY* *Committed to providing peace of mind in your digital life and business. [ 3 ] OUR MISSION TO PREVENT AND MANAGE RISKS FACED BY ORGANIZATIONS

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

Cybersecurity: What In-House Counsel Needs to Know

Cybersecurity: What In-House Counsel Needs to Know Cybersecurity: What In-House Counsel Needs to Know November 19, 2013 Vivian A. Maese vivian.maese@dechert.com 2013 Dechert LLP So what does all of the legal activity in cybersecurity mean to you? The top

More information

HEALTHCARE SECURITY AND PRIVACY CATALOG OF SERVICES

HEALTHCARE SECURITY AND PRIVACY CATALOG OF SERVICES HEALTHCARE SECURITY AND PRIVACY CATALOG OF SERVICES OCTOBER 2014 3300 North Fairfax Drive, Suite 308 Arlington, Virginia 22201 USA +1.571.481.9300 www.lunarline.com OUR CLIENTS INCLUDE Contents Healthcare

More information

UNIVERSITY OF MAINE SYSTEM STANDARDS FOR SAFEGUARDING INFORMATION ATTACHMENT C

UNIVERSITY OF MAINE SYSTEM STANDARDS FOR SAFEGUARDING INFORMATION ATTACHMENT C UNIVERSITY OF MAINE SYSTEM STANDARDS FOR SAFEGUARDING INFORMATION ATTACHMENT C This Attachment addresses the Contractor s responsibility for safeguarding Compliant Data and Business Sensitive Information

More information

Health Care Information Privacy The HIPAA Regulations What Has Changed and What You Need to Know

Health Care Information Privacy The HIPAA Regulations What Has Changed and What You Need to Know Health Care Information Privacy The HIPAA Regulations What Has Changed and What You Need to Know Note: Information provided to NCRA by Melodi Gates, Associate with Patton Boggs, LLC Privacy and data protection

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

HIPAA Data Breaches: Managing Them Internally and in Response to Civil/Criminal Investigations

HIPAA Data Breaches: Managing Them Internally and in Response to Civil/Criminal Investigations HIPAA Data Breaches: Managing Them Internally and in Response to Civil/Criminal Investigations Health Care Litigation Webinar Series March 22, 2012 Spence Pryor Paula Stannard Jason Popp 1 HIPAA/HITECH

More information