Cybersecurity, hacking, network breaches, data security and your smart device all have one thing in common: they cost your company business today and will undoubtedly cost you more tomorrow.
For example, in observational studies of anonymized electronic health records, the main risk comes from breach of data security and confidentiality a technical matter that few individual patients could assess reliably and thus informed consent (on top of expert input and democratic decision making) might be an ineffective, unhelpful protection.
No less troubling, it would exempt all banks and financial institutions, and would require notification by retailers and other businesses only if they believe there's "a reasonable risk that the breach of data security has resulted in identity theft, fraud or economic loss" to consumers.
In part this is because much hacking goes undetected, and partly it is because businesses sometimes try to cover up breaches of data security, to avoid embarrassment.
But he warned that breaches of data security are "inevitable", so the important question for companies is how they deal with them when they happen.
"To have two serious breaches of data security in the space of a year suggests there are underlying problems with the way in which the council handles confidential information," he said.
DNA sequencing has greatly expanded, not only resulting in improved interpretation of ancestry and trait information, but also in an ever-increasing potential for breaches of data security as more people have access to this data.
Cable began by identifying the two broad categories of privacy-related violations that her office prosecutes: unfair trade practices under state consumer protection laws, and data breaches under state data security regulations and breach notification requirements.
A breach of their data security undermines their vital work, and could result in arrest and detention".
Congress may also want to consider the industry standard practice of providing close and continuing credit monitoring for the individuals affected by breaches in personal data security.
Visa USA is cutting ties with the payment-processing company that left 40 million credit and debit card accounts vulnerable to hackers in one of the biggest breaches of consumer data security.
