On November 17, 2017, a federal district court in Florida granted summary judgment in favor of Hanover Insurance Company (the Insurer) relating to a data breach suffered by Innovak International Inc. (the Insured). Innovak International Inc. v. The Hanover Insurance Company, Case No: 8:16:cv-2453-MSS-JSS, U.S. Dist. Ct., Mid. Dist. FL (November 17, 2017). [Read more…]
The value of insight is rarely doubted, but when it comes to company data, an enterprise’s knowledge is often ambiguous at best. While many IT departments have attempted to rectify company practices, tech habits that can vary significantly from employee to employee often render organizations vulnerable to security breaches, illegal behavior and compliance violations.
The day two plenary session at Legaltech New York, “Mitigating Risk with Information Governance and Insight,” brought together some of the best legal minds at the intersection of information governance (IG) and law in effort to shed light on how crucial it is for enterprises to develop a greater understanding of the data they possess. [Read more…]
As we welcome in 2016, awareness of the variety of information-related risks confronting today’s enterprises, and the availability of insurance covering those risks, is at an all time high. High profile data breaches caused by negligent or non-compliant employees and hackers, ransomware attacks, and social engineering scams have motivated many companies to transfer some of their cyber risks with cyber insurance. But companies that also take steps to better manage their information assets not only improve their cyber risk profile; they also put themselves in better position to secure more favorable cyber insurance coverage terms and rates. [Read more…]
Lawyers Play a Big Role in Big Data Issues
Attorneys need to play a key role on issues related to data and big data as businesses face an increasing amount of regulation, laws, and rulings on data storage, collection, and processing. The management of data has become more complex due to the the increased amount of data being generated to produce value. Lawyers must be aware of the risks that come along with big data use and collection, such as data breaches, and illegal and unethical uses of the data that businesses collect.
Judy Selby was quoted in this article. To read the full article click here.
David Johnson had just finished meeting with a cybersecurity consultant about beefing up the company’s protections when he learned the servers had been hacked.
As general counsel of Global Cash Access, a company that manages cash on hand for casinos, Johnson was highly concerned about protecting the company servers: Literally, millions of dollars were at stake. Hiring a consultant to sniff out vulnerabilities had been the first step taken by the company’s new senior vice president of IT, and everyone at the meeting had agreed the consultant should take the next few months to see if he could penetrate their computer system. [Read more…]
“Employees are at the root of most cyber breaches” said Judy Selby, Partner of BakerHostetler LLP while moderating “The Weakest Link: Employee Practices Around Cybersecurity” panel at Legaltech in early February. Selby was joined by Gamelah Palagonia, Founder of Privacy Professionals, Amy DeCesare, AVP, Litigation Management, Allied World and Xenia Ley Parker, principal of XLP Associates.
With recent breaches in the press, we tend to focus on technology, however these events mostly happen because of employee behavior. It could be as simple as a well-meaning employee sending business documents home to work over the weekend, or because an unprotected laptop was stolen, or because an email was forwarded to the wrong person. Breaches can also occur maliciously by disgruntled employees as well. [Read more…]