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Lawsuits holding boards of directors accountable for “foreseeable” risks, like cyber breaches, are on the rise, and in response Michael Volkov with The Volkov Group Law Firm lays out the major risks boards should be on the lookout for.
Comments from the head of Health and Human Services signal a shift to more aggressive punishment for privacy breaches and security lapses, and a more extensive HIPAA audit strategy by HHS’ Office of Civil Rights.
Unlike cases involving employee negligence, liability is not automatically imputed to the employer for intentional or willful employee conduct. However, the employer can still be liable if its own negligent acts put the employee in a position to do harm.
Two former professional football players are suing the players’ union. claiming the union knew for years about the serious consequences […]
Ahead of the potentially exponential growth of cyber coverage, insurers are rushing to gain expertise in that fledgling market. Some […]
The Superstorm Sandy jurisdictions have yet to address whether flood exclusions bar coverage for loss by storm surge, but a recent federal case in New York suggests the matter may be settled similarly to Hurricane Katrina cases.
Compliance software provider Cindy Knezevich observes the trends in PricewaterhouseCooper’s State of Compliance survey, which asks respondents to pick their top three areas of perceived risk to their businesses. There were some surprises – social media slipped from 2013 to 2014 – and, Knezevich says, a worrying lack of concern for IT security.
GM CEO Mary Barra’s newly-launched campaign, the “Speak Up for Safety” program, is meant to encourage exactly the kind of internal reporting that was ignored in the lead-up to a massive recall of more than six million cars, and the death of at least 13 customers.
Sustainability reporting is moving from cutting edge to mainstream and, though not every company may be ready to, or need to, add sustainability disclosures to its filings, it’s time to consider the possibility.
Studies show most whistleblowers attempt to first report their concerns internally before approaching the federal government. Organizations that facilitate reporting employee concerns stand a much better chance of avoiding legal troubles and a variety of other negative consequences stemming from a federal inquiry.
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