Companies using or developing AI should know that, on May 21, 2019, the Organisation for Economic Co-Operation and Development (OECD) Council adopted The Recommendation on Artificial Intelligence (AI).
The Recommendation on AI is an intergovernmental standard aiming to foster innovation and trust in AI, while ensuring respect for human rights and democratic values. The Recommendation complements existing OECD standards in areas such as privacy, digital security risk management, and responsible business conduct. The Recommendation sets a standard that is flexible to withstand rapidly evolving technology.
A Marathon of presentations on cyber liability, data privacy laws, and cyber threats by lisa M. angelo
May was a busy month of presentations about the landscape of data privacy and tips on how to mitigate cyber liability. Lisa Angelo shared valuable information, and a few laughs with her audiences at the Texas Trial Lawyers' Association's monthly meeting, the Montgomery County Bar's Law Day, the CyberSecurity Collaboration Forum, and (ISC)^2 Central Florida's Chapter meeting. Here are a few highlights from the fun had during the speaking engagements.
Lisa Angelo is presenting at the 2nd Annual Fall Seminar - Disaster Proofing Your Practice in Austin, Texas on December 7, 2018. This seminar is a great resource for lawyers to learn how to avoid cyber-related disasters. Click on the link below for more details.
Tune in today for "ISSA International Webinar: Regulation and Legislation" for information about how recent laws might affect cyber professionals and their businesses. Thanks to Information Systems Security Association International for hosting a phenomenal webinar. Valuable information shared by speakers Lisa M. Angelo, Principal Attorney at Angelo Law Firm PLLC, Randy V. Sabett, Special Counsel at Cooley LLP, Maher Shomali, Partner at Thomsen & Burke LLP, and Wes Demory, Attorney at Thomsen & Burke, LLP. Special thanks to Sean Bakke, Eileen Sciarra, and Michael F. Angelo.
Join us at https://www.issa.org/page/CopyofWebConferenc .
Houston, Texas – June 5, 2018 – Lisa M. Angelo, Founding Attorney, Angelo Law Firm PLLC, has earned the ANSI-accredited designation of Certified Information Privacy Manager (CIPM) through the International Association of Privacy Professionals (IAPP). Lisa advises clients as well as aides colleagues in matters involving cyber liability, data privacy management, and incident response. Lisa actively participates in data privacy and cybersecurity initiatives. She regularly presents about tech-legal issues for groups representing various industries.
Privacy professionals are the arbiters of trust in today’s data-driven global economy. They help organizations manage rapidly evolving privacy threats and mitigate the potential loss and misuse of information assets. The IAPP is the first organization to publicly establish standards in professional education and testing for privacy and data protection. IAPP privacy certification is internationally recognized as a reputable, independent program that professionals seek and employers demand.
The CIPM demonstrates an understanding of privacy program governance and the skills necessary to establish, maintain and manage a privacy program across all stages of its operational life cycle. It is the first and only certification in privacy program management, developed in response to overwhelming demand to collect and collate common practices for managing privacy operations. Lisa joins the ranks of more than 10,000 professionals worldwide who currently hold one or more IAPP certifications.
About the IAPP
The International Association of Privacy Professionals (IAPP) is the largest and most comprehensive global information privacy community and resource. Founded in 2000, the IAPP is a not-for-profit organization that helps define, support and improve the privacy profession globally. More information about the IAPP is available at www.iapp.org.
As technology continues to evolve and dominate today's business world, so do the dangers of cyber crime and data breaches. If you are a business owner, protecting your data, and that of your customers, is more important than ever before. Do you have enough protection? Read on to learn more about what you need to know about cyber liability insurance.
What is Cyber Liability Insurance?
Cyber liability insurance has been around for the last decade, but many businesses are not as familiar with this form of protection as they should be. Cyber liability insurance offers policyholders coverage in the event of a data breach or cyber crime that compromises their information. Like most forms of insurance, most companies offer different levels of coverage depending on your needs and where your business is located.
Cyber liability insurance may include the following:
Third-Party Liability/First-Party Coverage: This coverage protects you (the business owner) from potential liability in the event of a data breach. If your customers' personally identifiable information (PII) is compromised, this coverage can help reimburse you for expenses related to:
o Legal defense and counsel
o Digital forensics team
o Costs of notification
o Crisis communication
o Credit monitoring for individuals affected
Worldwide Coverage: Provides policyholders with protection anywhere in the world. Provides access to Travelers' network of forensics, legal experts, and crisis communications.
Distinct Insuring Agreements: Offers separate insurance coverage for distinct risks. This coverage is good for companies that want more liability coverage in one distinct area, while less coverage in others may be suitable.
Extended Reporting Period: Extends the typical 90 reporting period for a data breach. Provides security breach and crisis management expense coverage. This coverage is important because many businesses are unaware of a data breach immediately.
Business Interruption Coverage: This insurance provides policyholders with coverage for lost revenue and expenses caused by a computer virus or denial-of-service attack.
Do I Need Cyber Liability Insurance?
Have you ever had an email send to the wrong address? Lost a laptop or mobile device? Had your system hacked? Hired the wrong employee? These are only some of the reasons why business owners need cyber liability insurance. When you store vital information like bank records, Social Security or tax information, credit card numbers, or any identifiable information, you run the risk of being compromised by cyber crime.
The unfortunate reality is that even a small data breach or cyber crime attack can have a devastating impact on your business. Without adequate coverage and protection, your business could suffer in the following ways:
Fines and penalties
How Do I Know if I Need Cyber Liability Insurance?
The best way to determine if you need cyber liability insurance, or determine if your current policy is really protecting you, is to contact Angelo Law Firm, PLLC. Let our skilled cyber law attorney help you be certain that your business is prepared in the event of a data breach or cyber crime. Contact Angelo Law Firm, PLLC today by calling our office at (832) 356-4484.