Privacy Risk Report

Tag

data breach

Lawsuit Involving Regional Bank Should Serve as a Warning to Smaller Businesses

On January 21, 2015, Travelers Casualty and Surety of America (Travelers) sued Ignition Studio Inc. (Ignition) based on professional negligence and breach of contract claims in the District Court for the Northern District of Illinois. Travelers filed the action based… Continue Reading →

Why Cyberliability Insurance Growth is “Off the Charts”

Terms like “skyrockets,” “off the charts” and “hockey stick analogy” are being used by those in the cyberliability insurance trenches to describe the growth of cyber insurance over the past year. This dramatic increase in demand—estimated to be doubling and tripling the… Continue Reading →

President Obama Lays Out Legislative Proposals to Safeguard Consumers’ Privacy

On January 12, 2015, President Obama announced his administration’s comprehensive approach to enhance American consumers’ security in light of the ever increasing inter-cyber connectivity of consumers. Among the highlights he noted were certain legislative proposals. These proposals included the following:… Continue Reading →

Early Observations Concerning the Sony Hack and Cyberliability Insurance

At this point, we have been bombarded with many of the details and a lot of speculation related to the November 2014 Sony Pictures hack. In short, hackers stole sensitive information and data including everything from private employee information, emails sent… Continue Reading →

Data Breach Concerns With “Smart Vehicles” Shift Into Overdrive

The vehicles we drive are becoming more like smart phones every day. Like smart phones, vehicles store valuable data that can be hacked. The vehicles currently on the market are equipped with everything from GPS capabilities to “black boxes,” similar… Continue Reading →

District Court Allows Parties to Proceed in Banks’ Class Action Suit Arising Out of Target’s December 2013 Data Breach

On December 2, 2014, the U.S. District Court for Minnesota issued its Memorandum and Order in the “Financial Institution Cases” against Target which granted in part and denied in part Target’s Motion to Dismiss. Target’s motion sought dismissal of a class… Continue Reading →

Recent Data Breach at Chicago Parking Garages Shows Us the Danger When Hackers Seek Smaller Targets

Recent news of a data breach involving SP+, the owner of a number of parking garages around Chicago, provides another reminder that Target and Home Depot should not be alone in their concern over data breaches. SP+ informed its customers late… Continue Reading →

We Want to Be Hacked!

In an interesting approach to finding a creative solution, The Bank of England has set itself up for hackers to take a crack at their systems and data. What? It’s old news that banks and financial institutions have been the… Continue Reading →

American Postal Workers Union Files NLRB Complaint Against USPS for Failure to Disclose Data Breach

In September 2014, a data breach at the United States Postal Service (USPS) exposed the private information of nearly 800,000 USPS employees. The American Postal Workers Union (Union) recently filed a complaint with the National Labor Relations Board (NLRB) alleging that the USPS failed… Continue Reading →

D & O Underwriters Struggle With the Lack of Information Disclosed Related to Cyber Risks

This year’s PLUS (Professional Liability Underwriting Society) annual conference, held last week in Las Vegas, Nevada, provided insight on the issues underwriters are facing related to cyber liability and data breaches in the context of directors and officers insurance policies…. Continue Reading →

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