Last week credit reporting agency Equifax announced a data breach in which hackers gained access to data for approximately 143 million Americans (or approximately 44 percent of the population). As some have noted, this is not the biggest data breach in history, but it may be the worst. What Data Was Hacked According to Equifax,…
Anthem Inc., the nation’s largest U.S. health insurance company, has reached a settlement in its data breach class action suit, in which it would pay $115 million to pay for two years of credit monitoring or up to $50 cash. It is believed to be the largest single data breach settlement in history. Anthem’s 2015…
The Federal Trade Commission has released a short guide for businesses on steps to take once a breach has occurred. The guide is below. For advice on implementing a plan to protect consumers’ personal information, to prevent breaches and unauthorized access, check out the FTC’s Protecting Personal Information: A Guide for Business and Start with Security:…
Since 2002, the FTC has brought over 50 data security enforcement actions under Section 5 of the FTC Act. Most companies quickly enter consent decrees with only two companies making the choice to fight the FTC. The first was Wyndham Worldwide Corporation which challenged the FTC’s authority over data security only to have the Third Circuit…
Attorney General Harris Preparing Compliance Guidance Statement for New Privacy Laws Last fall California passed two amendments to its privacy laws – one concerning how a website treats Do Not Track Requests and the other providing a “right to be forgotten” to minors. See Browns Signs 1 Data Breach and 2 Privacy Bills Into Law, along…
Target Data Breach Highlights Importance of Cyber Security and a Data Breach Plan Target’s data breach of over 70 million customer records highlights the danger that data breaches pose to businesses, especially small businesses since a large percentage of small businesses close within six months of an announced data breach. If have not done a recent…
Browns Signs 1 Data Breach and 2 Privacy Bills Into Law California Governor Brown has now signed a data breach and two privacy bills into law at the conclusion of the legislative session. These are significant because the Attorney General has a newly minted privacy enforcement unit and has said that data breaches will be…
Cyber Report 