Billboard is reporting that Sony and the employees suing them as a result of the breach last year have come to a tentative agreement. The employees were suing for negligence and privacy violations. If the settlement is approved, The employees will get $2 million – up to $1,000 each – for preventative measures taken against […]
Continue reading → [DISPLAY_ACURAX_ICONS]First, the European Court of Justice (ECJ) rules that the 15 year old Safe Harbor agreement which allowed companies to transfer data between the E.U. and the U.S. was invalid. Effective immediately. Then the Article 29 Working Group (who is responsible for Safe Harbor) met and said that if the E.U. and U.S. don’t come […]
Continue reading → [DISPLAY_ACURAX_ICONS]The Article 29 Working Party (WP29), the group that is responsible for dealing with the fallout from the European Court of Justice invalidation of the Safe Harbor Agreement, met for the first time since the decision to start sorting things out. For companies moving data between the U.S. and the E.U., there were some good things […]
Continue reading → [DISPLAY_ACURAX_ICONS]Businesses have long complained about complying with 46 different cybersecurity/privacy laws (plus the District of Columbia, Guam, Puerto Rico and the US Virgin Islands) and the lack of a national privacy law. Alabama, Kentucky, New Mexico and South Dakota are the only states without such laws. The states have fired back saying that a national […]
Continue reading → [DISPLAY_ACURAX_ICONS]As if complying with 47 states individual laws on breaches wasn’t complicated enough, if you are a defense contractor, you now have to comply with DoD rules on disclosing breaches. I suspect that part of this is due to the fact that the DoD thinks that many of the state laws are too loose and […]
Continue reading → [DISPLAY_ACURAX_ICONS]For those companies who ask why they should invest in reducing cyber risk when they have cyber breach insurance – here is why. As a result of recent breaches, cyber insurance premiums for those companies whom insurance companies deem to be in high risk industries saw their premiums go up, on average, 32%. In addition, […]
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