Last week I attended the Privacy and Security Forum at George Washington University. Here are a few points to ponder. •Privacy by design or privacy by default? Functionality requires design. Privacy by default means there is a malfunction. •In a breach response, “privilege is the playbook.” Privilege determines who does what, when you do it, how you do it… Continue Reading
Earlier today Kari Timm moderated a panel on cyber risk and insurance for law firms and other professional firms during the 2013 PLUS Professional Risk Symposium. To see a short video discussion on cyber risks for professional services firms from the 2013 PLUS Professional Risk Symposium please visit the PLUS Blog (http://plusblog.org/2013/04/10/cyber-risk-and-professional-firms/).
In today’s challenging economy, it is hard to turn away new business, whether from a client who provides a law firm with steady work, or a broker who contracts for investment services or a health care organization that contracts with a nursing registry. But what happens when the new client demands that as part of… Continue Reading
Over the past few years, cyber risks slowly have become more of an issue for C-suite executives and corporate boards. However, new guidelines issued by the SEC requiring that companies disclose such risks and relevant insurance coverage will likely push cyber security and insurance onto the C-suite agenda quicker than ever. Acknowledging that cyber attacks are becoming… Continue Reading
A lawsuit filed in California alleges that Professional Business Bank of Pasadena is liable for $465,000 stolen from a business account by hackers. (PDF) Village View Escrow alleges that during a 24-hour period in March, 2010, the bank permitted 17 unauthorized wire transfers of funds totaling $465,567 from Village View’s account. The complaint filed in the Superior… Continue Reading