HOT TOPICS IN DATA BREACH & CYBER SECURITY
Too Big to Breach: Lessons in Privacy Protection and Security from the Cyber Breach of A Major Credit Bureau
News of the recent data breach of a major credit bureau has caused quite a stir in the cyber security community. This breach’s threat to half of the U.S. population’s personal and protected information is shocking enough. However, privacy and security stakeholders are questioning what consequences have yet to emerge from this event. The implications are far reaching and highlight the need for stronger cyber security and protection of data.
While this session will focus on this incident of a major credit bureau’s security breach of protected data, the lessons learned from this incident are also applicable to other industries. This session will provide an analysis of potential new cyber coverage options as well as D&O liabilities that might ensue as a result of this incident. Points of discussion will include:
- Examining the recent wave of data breaches relative to credit bureaus and the industries they service
- Identifying the new threats to personal information, including social security numbers and driver’s license numbers and resulting liabilities
- Exploring new types of cyber coverage options
- Analyzing potential D&O litigation