Numbers prove need for identity theft protection | Maine health system incident exposes 30,000 patients | FTC study leads to credit monitoring for military
November 7, 2019
Data Security & Privacy SmartBrief
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Top Story
Numbers prove need for identity theft protection
Between 2005 and the end of August 2019, 10,818 breaches occurred, compromising 1.6 billion records. A new study ranked states in terms of their residents' risk of identity theft and fraud, which can be mitigated with credit monitoring and identity theft protection.
Lexington County Chronicle & The Dispatch News (S.C.) (11/6) 
Data Security & Privacy
Maine health system incident exposes 30,000 patients
The email accounts of at least four employees at Maine health care system InterMed were hacked in September, potentially exposing information on roughly 30,000 patients, including names, birth dates, health insurance information, clinical information and some Social Security numbers.
WCSH-TV/WLBZ-TV (Portland-Bangor, Maine) (11/6) 
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FTC study leads to credit monitoring for military
The Federal Trade Commission has implemented new rules that will allow many military personnel free access to electronic credit monitoring, which can help them discover when their credit reports contain problems or errors. The rule was finalized in June and went into effect on Oct. 31.
Auto Remarketing (11/5) 
Cyber Risk
School district embraces identity protection
Spartanburg School District One, in Campobello, S.C., will provide identity protection after a few employees' information was posted online. The district and the employees have also filed identity theft complaints with local police.
WYFF-TV (Greenville, S.C.) (10/30) 
By the Numbers
Survey: More than 93% of health care orgs experienced data breach
Black Book Market Research polled 2,876 hospital executives from 733 provider organizations and found more than 93% of health organizations have experienced a data breach since the third quarter of 2016 and around one-third of health executives have uncritically bought cybersecurity solutions after a breach. The average cost of a data breach this year is estimated at $423 per medical record, and hospital executives anticipate allocating about 6% of their IT budgets to cybersecurity spending next year.
Becker's Health IT & CIO Report (11/4) 
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Companies turn to credit monitoring after a cyber incident
When a company experiences a cybersecurity incident, credit monitoring services become top of mind for those involved. IBM found that the average data breach costs a company $3.29 million, and Charlie Osborne notes that cyber health of a company is important to investors just like financial health.
ZDNet (11/6) 
Practice & Policy
New laws bring much tougher data protections
Businesses face new obligations and consumers have more rights as a result of the California Consumer Privacy Act and the EU's General Data Protection Regulation. Here's what company leaders need to know to avoid running afoul of these laws.
Journal of Accountancy online (11/1) 
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Nature uses as little as possible of anything.
Johannes Kepler,
astronomer, mathematician who discovered three major laws of planetary motion
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