Management Liability Update

Archive for March, 2010

New Ponemon Survey Shows 77% of UK Firms Sustained a Data Breach

Icon March 25, 2010 – 7:22 am

As reported in Information Week, “[s]eventy-seven percent of C-level executives in a 115-person survey conducted in the U.K. say their organization has experienced a data breach at some point and all of them report attacks targeting corporate data in the past 12 months.”   This Ponemon Institute survey was sponsored by IBM.  Interestingly, 75% of the survey’s respondents [...]



BI: Buyers Scrutinize Insurers Beyond Ratings

Icon March 22, 2010 – 6:05 am

In an article written by Stuart Collins in the latest issue of Business Insurance, the point is made that awareness of an insurer’s financial strength has risen among company executives, so buyers are “building relationships directly with insurers and tapping internal resources to increase their own scrutiny of insurers.”  The article talks further to the point by describing what [...]



CFO: Is Your Broker Mediocre?

Icon March 18, 2010 – 6:45 am

In the March 2010 issue of CFO Magazine, there is an article that should serve as a wake-up call to those companies who think there is only upside to the current insurance soft market.  The author of the article puts things in proper perspective when he says: The soft market makes it tempting to just [...]



Law Firm Management of Network Security – Proactive or Reactive?

Icon March 11, 2010 – 2:20 pm

Several recent articles – one in the March 2010 issue of the ABA Journal and another in the March 9, 2010 issue of The National Law Journal – offer a study in contrast regarding how law firms are dealing with data security exposures.  The ABA Journal takes the position that law firms are proactive in managing [...]



Hotels Remain a Hot Hacker Target

Icon March 10, 2010 – 6:48 am

The Westin Bonaventure in Los Angeles is the latest publicly disclosed hotel hacker target.  Unfortunately, there are likely ten or more hotels hit this month that don’t even know about it.   For years now, the hospitality industry has been hit hard with malicious attackers looking to gain access by whatever means necessary – whether via point-of-sale (as they [...]



New MA Data Protection Law Impacts Companies Around the Country

Icon March 2, 2010 – 7:20 am

As of March 1, 2010, any company, organization, association or entity that has any sensitive personal information of a Massachusetts resident must now comply with a new law – Standards for the Protection of Personal Information of Residents of the Commonwealth (201 CMR 17.00).  This new law impacts an entity even if it is not [...]