Posts tagged GLB

Cloud, contracting, cyber insurance, GLB, HIPAA, indemnification, notification, privacy, risk, SB 1386, security breach

Cyber Insurance: An Efficient Way to Manage Security and Privacy Risk in the Cloud?

By InfoLawGroup LLP on February 01, 2012

As organizations of all stripes increasingly rely on cloud computing services to conduct their business, the need to balance the benefits and risks of cloud computing is more important than ever. This is especially true when it comes to data security and privacy risks. However, most Cloud customers find it very difficult to secure favorable contract terms when it comes to data security and privacy. While customers may enjoy some short term cost-benefits by going into the Cloud, they may be retaining more risk then they want (especially where Cloud providers refuse to accept that risk contractually). In short, the players in this industry are at an impasse. Cyber insurance may be a solution to help solve the problem.

Boris Segalis, FCRA, Federal Trade Commission, fines and penalties, FINRA, FTC, FTC consent, FTC Federal Trade Commission HIPAA HITECH FCRA GLB InfoLawGroup Information L..., GLB, HHS, HIPAA, InfoLawGroup, information law group, privacy enforcement, privacy rule, Section 5

February Brings a Privacy Enforcement Storm: HHS, FTC and FINRA Act

By InfoLawGroup LLP on February 22, 2011

This month, federal agencies and FINRA have announced significant privacy enforcement actions that have resulted in millions of dollars in fines. The U.S. Department of Health and Human Services (HHS) imposed a $4.3M fine on a health plan for violations of the HIPAA Privacy Rule; the Federal Trade Commission (FTC) settled with several resellers of consumer reports allegations that the resellers failed to adequately safeguard consumer information; and FINRA imposed a $600K fine on two securities firms for failure to safeguard access to customer records. Here are the details: