The Cyber Loss Where the Stolen Records Belong to Other Companies
A breach response begins with a record count and a notification assessment. How many individuals, in which jurisdictions, under which statute. Some organizations hold almost no personal data and enormous quantities of other companies' commercial confidences. An insurer's claims files contain policyholders' loss histories, control failures and settlement amounts. The statutory machinery may not engage at all, and what engages instead is a contract portfolio.