 |
Truths And Consequences
In the event of a personal data breach or compromise event for any business, the main concerns
of management are:
- Providing quick response and relief to compromised individuals
- Safeguarding their corporate house from negative publicity
- Reducing legal recourse from shareholders and customers
The fact is...
Companies and associations that lose the personal data of their customers, employees or members must
adhere to new compliance laws and regulations. These new compliance laws are:
- Sarbanes Oxley
- Gramm-Leach-Bliley Act
- US Health Insurance Portability and Accountability Act of 1996 (HIPAA; medical records privacy)
- SEC S-P (financial records privacy)
- California's Security Breach Information Act (SB 1386), effective 7/1/2003
Additionally...
- Enforcement of these laws and regulations will become more prevalent in coming years
- Companies face severe penalties for non-compliance
Examples:
- A violation to HIPAA laws (medical records privacy) makes company officers personally liable for
loss of private data violations, at $250K for each incident
- The EU has even bigger fines, so companies doing business with any company in Western Europe will
require top drawer compliance
Risk To Your Business
1. Lawsuits
2. Loss of customer, employee, or vendor confidence in your business
3. Loss of business sales and opportunities
4. Brand tarnishment
5. Stock devaluation
We Help Take The Sting Out Of The Problem
Our Data Breach Rapid Response Programs provide management with a fast, effective and discreet
'painkiller' to its customers in the form of identity theft insurance, protection, resolution services
and notification services (as well as credit monitoring, credit report, fraud alert services).
Data Breach Rapid Response - Program Features and Benefits
- Ability to respond quickly and quietly to a database breach with an easy-to-implement,
company-wide notification and protection solution that meets or exceeds current compliance requirements
- Requires no sensitive personal information about the company's employees, customers or their
families
- Name, address and email address of the affected individuals is all that is needed
- Customers and employees get immediate satisfaction that something is being done proactively on their behalf
due to personal data compromise (lost or stolen laptop, or database hacked) to help protect them
against ID theft
- Corporate management can take swift action while reviewing further options
- Assists corporate management in any lawsuit by showing pro-active measures taken on behalf of
compromised individuals
- Helps with PR damage control
- Helps mitigate customer 'churning' (going to another company or service)
- May limit stock price decline during a PR crisis
- We can provide custom packages and pricing to meet most budgets
Our
Data Breach Rapid Response Programs
|
|
|
|
|
|
|
|
|
