July 21, 2015 Blane Warrene

Data Breach – Navigating Insurance and State Laws

Data Breach – Understanding State Laws

A significant area of focus in light of a data breach is identifying how to best incorporate business insurance around cybersecurity into an overall security program for financial services firms. While insurance does not preclude your business from evaluating and adopting the hardware, software and protocols as foundational elements of your security initiative, it is an essential wrapper as a finishing touch. The costs are extraordinary for a breach involving confidential data when considering the forensic research to identify the breach cause and resolution, along with issues around notification procedures, credit report monitoring, public relations and more.

The National Conference of State Legislatures has published a guide to the current laws on the books for forty-seven states and other US domains.

 

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Blane Warrene

Recognized as an industry leader in financial services business development and technology, Blane has worked in progressive roles in operations, technology and compliance in the industry. He co-founded Arkovi Social Media Archiving in 2009 with Carl Cline and Tyson Lowery - successfully raising capital and delivering a modern software as a service solution for business use of social media. Blane also co-founded QuonWarrene with Neal Quon in 2009. In October 2012 Arkovi was acquired by RegEd. Blane continues to advise companies via QuonWarrene. In addition, Blane is a sought-after speaker and panelist at industry and corporate conferences where he brings a fresh and innovative approach to business issues. An avid blogger and well known on twitter, @blano, he is actively engaged in social media providing thought leadership in compliant communications. Blane serves as a board member for the Dennison Railroad Depot Museum, an Ohio national historic landmark.

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