How a Breach Notification Should Work

Reblogged from PLUS Blog:

From the 2013 Professional Risk Symposium session “Why Should I Pay for Your Notification Expenses?,” Lori S. Nugent (Wilson Elser) discusses how a breach notification should proceed.

PLUS members can view this entire session in the multimedia library on the PLUS website.

Session panelists not featured in this clip: Jim Whetstone (Hiscox USA), Elizabeth Wittenberg (AIG), and moderator Betty Shepherd…

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PLUS Blog

From the 2013 Professional Risk Symposium session “Why Should I Pay for Your Notification Expenses?,” Lori S. Nugent (Wilson Elser) discusses how a breach notification should proceed.

PLUS members can view this entire session in the multimedia library on the PLUS website.

Session panelists not featured in this clip: Jim Whetstone (Hiscox USA), Elizabeth Wittenberg (AIG), and moderator Betty Shepherd (S.H. Smith & Company)

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Data Breaches and Fraud – Big Problems with a Big Solution

Reblogged from Bluefin Payment Systems:

Click to visit the original postEnter Problem: Data breach. Perish the thought, but according to Javelin Strategy & Research’s 2013 Data Breach Fraud Impact Report, too many breaches occur when companies fail to make use of “aggravatingly simple protections.” And these failures can lead to large data breaches, resulting in billions of dollars of economic and brand damage. According to Javelin’s report, in 2012, up to 134 data breaches occurred in an average month, or 1,611 for the year.

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Why Prevention is Better Than Protection

Reblogged from IS&T Security FYI:

An analysis of the cost of a breach that occurred at Idaho State University (ISU) shows that this one incident will cost the university four times as much (about $1M over two years) as the university would have normally spent on IT security in the same amount of time.

The cost of avoiding the incident which was blamed on a change in firewall policies that exposed servers, would have cost the university only $75,000, that is 7.5% of the cost of the incident.

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