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DAC Beachcroft | Insurance, Privacy & Data Security News | September 2014

DAC Beachcroft Adviser Newsletter

September 2014 update 

Cyber security is about risk reduction, not risk prevention. No system can ever be 100% secure, particularly when constrained by financial resources and the exposure to human error or behaviour.

The law governing data security is similarly not absolute. For example, the Data Protection Act 1998 ("DPA") demands that an organisation has "appropriate" technical and organisational security measures.

DAC Beachcroft | Insurance, Privacy & Data Security News | August 2014

DAC Beachcroft Adviser Newsletter

August 2014 update 

Cyber-attacks remain a regular feature of news headlines. This month, reports circulated that Russian hackers have allegedly carried out the world's biggest ever data theft, amassing 4.5 billion user credentials.

The hack was identified by US security experts Hold Security and, if true, could be the largest publicised breach in history.

DAC Beachcroft | Insurance, Privacy & Data Security News | July 2014

DAC Beachcroft Adviser Newsletter

July 2014 update 

Catch up with the latest cyber risk legislation and regulatory developments with the DAC Beachcroft Adviser Newsletter

Data protection and privacy is only one element of cyber risk and there have been a number of recent public and private sector initiatives which highlight the need to mitigate cyber risk from a business disruption perspective.

Legal week, share prices and cyber hygiene

In a recent Legal Week article the authors consider how Cyber Risk regulation is set to become tighter in the near future with a greater responsibility placed on organisations to have measures in place to secure data and protect processes. In the article it points to research in the US that indicates relatively high levels of torpor in organisations that really should know better. 

Social Media is a great tool – but use it wisely

 

What do HMV, Burger King and leader of the BNP Nick Griffin all have in common? They all show how the power of Social Media is a double edged sword and can bring more bad publicity than good.

 

HMV sacked the person responsible for Social Media Marketing, but failed to take control of the accounts she ran and change her passwords, she went on to post her personal thoughts on the management after being laid off. Burger King’s twitter handle was hijacked and the rumours abounded that they had been acquired by McDonalds and Nick Griffin posted the address details of individuals who opposed his policies.

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