In a guest column written for InsuranceThoughtLeadership.com, Adam Levin called for a Data Breach Warning Label, or ‘Breach Disclosure Box’ for businesses, where they would list key information including:
- How many times has this company been breached within the past five years?
- If there has been a breach, what kind(s) of information was exposed?
- Does this company encrypt all consumer and employee data?
- Does this company have a breach notification policy?
- What did the company offer affected consumers?
- What type(s) of information are customers obligated, or not obligated, to provide?
- Best practices for avoiding victimization (The 3 M’s)
The idea behind such a disclosure box would be to be a catalyst for companies to strengthen their data security procedures and implement breach preparedness plans.