Tag Archives: data breach costs

TD BANK ANNOUNCES DATA BREACH

 TD Bank recently began notifying approximately 260,000 customers in numerous states from Maine to Florida that their personal information had been lost.  A TD Bank spokesman confirmed to the Associated Press that unencrypted back-up data tapes were misplaced in transport earlier this year.  The tapes contained personal information that included account information and social security … Continue reading

A MASSACHUSETTS HEALTH CARE PROVIDER AGREED TO PAY $1.5 MILLION TO SETTLE A HIPAA PRIVACY VIOLATION

            HHS’ Office of Civil Rights announced this week that a Mass. health care provider will pay a $1.5 million settlement to resolve a HIPAA privacy violation.   http://www.hhs.gov/ocr/privacy/hipaa/enforcement/examples/meei-agreement.html.  The monetary settlement is part of a resolution agreement and the result of the alleged 2010 theft of a laptop computer that held 3,621 patient records.  The … Continue reading

What Do Data Breach Statistics Mean for the Real World?

It seems like with every newly announced breach, we see more statistics about data breaches—how much they cost, how large they are, who caused them, etc., etc., etc.  Fortunately, the magnitude of breaches we saw in PlayStation, Heartland, and TJMaxx don’t happen every day.  So, what do the statistics mean for the companies who experience … Continue reading