New regulations are increasing at a rapid rate and it is vital that business owners and Chief Information Officers (CIO) become familiar with current regulations and compliance dates.
State Notification Laws require businesses to notify customers or patients in a timely matter of any data breach...Read Full Story Here:
http://www.insurancefortechs.com/deciphering-notification-laws-hi-tech-act-and-red-flags.html
Showing posts with label Red Flags. Show all posts
Showing posts with label Red Flags. Show all posts
Wednesday, July 17, 2013
Deciphering Notification Laws, Hi Tech Act and Red Flags
Escalating Need For Cyber Liability Insurance
Tracey Vispoli, Chubb’s Cybersecurity Product Manager, refers to the rise in cyber liability claims, by stating, “It’s a frequency issue as well as severity”. Remedies for data breach now cost $202 per record.
According to Vispoli, more than half of the companies with less than 1,000...Read Full Story Here:
http://www.insurancefortechs.com/escalating-need-for-cyber-liability-insurance.html
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