Understanding Evolving Data Breach Reporting Obligations and Your Insurance Coverage
Any lawyer, consultant, and insurance provider involved in the cybersecurity field should be deeply familiar with personal data breach reporting obligations. In particular, every U.S. state has enacted a data breach notification law that requires organizations to provide notice of certain types of data privacy incidents to the individuals whose personal data has been compromised. The federal government has also imposed similar obligations on businesses within certain sectors (e.g., health care, financial). These laws are based on the common understanding that the earlier an organization notifies individuals that their personal data has been compromised, the earlier the individuals can implement [...]