Are You Covered? CT Businesses Should Double Check Insurance Coverage for Data Loss
The Connecticut Appellate Court recently decided a case involving damages from loss of data related to 500,000 IBM employees. The case is entitled IMB caseRecall Total Information Management v. Federal Insurance Company. The loss of data included social security numbers and birth dates. The data was lost in the process of transport for storage. Some 4 […]
New Update to Connecticut Data Breach Law
Connecticut Updates Its Data Breach Statute by Attorney David Benoit. A month after Vermont made substantive amendments to its Security Breach Notice Act to address a number of consumer protections, Connecticut followed suit on June 12th with a similar amendment to Connecticut General Statutes Sec 36a-701b to include a notice to the State’s Attorney General. […]
Will A Crack In Data Breach Litigation Open Floodgates
Data loss and security breach incidents have become common. However, lawsuits related to these incidents are not so common or successful. The problems plaintiffs have encountered include not only figuring out the proper cause of action to seek recovery (many states lack laws permitting private lawsuits for damages related to data loss) but also how to establish provable damages. For […]
Small Business Insurance For Data Loss and Security Breach
The Hartford has recently announced a new insurance product specially tailored to fit small business for data loss and security breach. It has been touted as more affordable for the smaller business owner. More and more small businesses are experiencing the devastating effects of a security breach incident or data loss. The statistics and stories are […]
Only Five Days To Report Data Breach For Insurers And Agents In Connecticut
One of the many questions business owners have to answer upon learning of a data loss or security breach incident is whether to notify governmental authorities and when to do it. The Connecticut Insurance Department has provided a new regulation for insurers and agents in a bulletin on August 18, 2010. The new regulation requires immediate notification to the Department […]
Will Your Data Loss Be Covered By Insurance?
I always recommend that businesses implement a plan for data loss, security breach, and privacy related to electronically stored information. As additional protection, I also typically recommend that businesses investigate additional insurance coverage. In particular, business owners with risk should investigate insurance coverage for first and third party claims arising out of a loss of data, security breach, or technology errors. These […]
Don’t Get Rocked like RockYou – – Protect Your Customers’ Personal Information
A recently filed class action lawsuit (download complaint) against RockYou highlights the very real threats to businesses related to hackers stealing customer data also known as personally identifiable information (PII). According to the complaint filed in federal court in San Francisco, RockYou is a publisher and developer of popular online applications and services for use […]
Health Net’s Data Loss In Connecticut Was Theft
Attorney General Richard Blumenthal issued a scathing press release related to Health Net’s recent data loss and security breach. Blumenthal called Health Net’s story on it "sanitized" and its six month delay in reporting "unconscionable." Blumenthal called for a federal investigation and intensified state efforts because of the sensitive financial and health information at risk […]
The Connecticut Privacy Forum Highlights Very Real Risks For Businesses
On Monday, I attended the Connecticut Privacy Forum hosted by Travelers. This Forum was a well attended inaugural meeting of privacy and data security professionals. I came away from the meeting very impressed with the panel of speakers and topics on the agenda. I also came away from the meeting as convinced as ever that data loss and security breaches pose a significant risk for nearly all businesses that use computers. […]
Insurance Might Be An Option for Data Loss Lawsuits Alleging Negligence Against Businesses
Every business in Connecticut, big or small, faces significant financial consequences for data loss or a breach of security. As I noted in a business tips post on this blog, implementing a strong data loss and privacy policy is critical for preventing a loss or mitigating its effects and damages. Of course, once you have a policy or […]