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Data Breach, Privacy & Cyber Insurance Law Content
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MAY 2017

Data breach, privacy, and cyber insurance continue to be hot topics in the news. Here are some recent headlines:

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APRIL 2017

IBM recently released its “X-Force Threat Intelligence Index” for 2017.  The report addressed security breaches during 2016 and noted that more than 4,000,000,000 records were leaked in 2016 – more than the total from 2014 and 2015 combined.  This number was influenced by the massive breach disclosed by Yahoo but even excluding that event, the volume of breaches continues to increase.

 

Distributed denial of service (DDoS) attacks continue to increase in size and in many cases the bots leading these attacks prey on unsecured Internet of Things (IoT) devices.  Malware attached to spam email continues to increase and ransomware, which can result in the infected system being locked until the target pays a ransom to the hacker, makes up a large majority of the malware.  2016 also ended with a record number of disclosures of software vulnerabilities by developers.

 

The top five industries breached in 2016 were: (1) Information and communications; (2) Government; (3) Financial services; (4) Media and entertainment; and (5) Professional services.  The last category serves as a reminder to attorneys of their obligations to clients to take care of the information entrusted to them. 

 

If you have an interest, the report can be accessed here:

https://www-01.ibm.com/marketing/iwm/dre/signup?source=urx-13655&S_PKG=ov57325

 

 

 

more Calendar

6/4/2017 » 6/8/2017
23rd Annual Litigation Management College

6/4/2017 » 6/8/2017
14th Annual LMC Graduate Program

6/12/2017 » 6/13/2017
Deposition Boot Camp

7/24/2017 » 7/29/2017
2017 FDCC Annual Meeting/ Bridging The Gap Insurance Summit

9/17/2017 » 9/19/2017
Corporate Counsel Symposium

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