© 2015 Sherman & Howard L.L.C.
TO B OR NOT TO B YOD
Emily Keimig, Esq.303-299-8240
© 2015 Sherman & Howard L.L.C.
BENEFITS
• Save on the cost of devices• Employee comfort level• Employee productivity• Employee convenience• Efficiency of communication• Simple reimbursement polices
© 2015 Sherman & Howard L.L.C.
RISKS
• Your Whole Company– Intellectual Property– Financial Records– Trade Secrets– Business Plans– Building and Construction Plans– Employee PII– Third Party PII– Statutory Requirements
• Remediation, Reporting and Clean Up Efforts
© 2015 Sherman & Howard L.L.C.
THE LEGAL PATCHWORK OF DATA PROTECTION
• Payment Card Industry Standards• Consumer Data (FTC; California; VPPA; Cable Act)• Health Information (HIPAA)• Financial Institutions (Gramm-Leach-Bliley Act)• Reporting Requirements (Variation from state to
state)• FCRA• Common Law Claims (invasion of privacy; breach
of contract; fraud; unjust enrichment)
© 2015 Sherman & Howard L.L.C.
ASIDE FROM THE LAWS, VALUING DATA
• Trade Secrets• Confidential Information• Customer Lists• Financial Information• PII• Health Information
© 2015 Sherman & Howard L.L.C.
REASONABLE/UNREASONABLE SECURITY MEASURES
• In the business of data– Comprehensive policies and procedures– Administrative, technical, physical safeguard– Legal Review– Executive and Director involvement– Risk Assessment
© 2015 Sherman & Howard L.L.C.
REASONABLE/UNREASONABLE SECURITY MEASURES
• Intellectual Property/Trade Secrets– “Reasonable” changes over time– Non-disclosure agreements– “Warnings”– Training
© 2015 Sherman & Howard L.L.C.
WHAT DO WE USE ODs FOR?
• Personal and business communication of all types
© 2015 Sherman & Howard L.L.C.
• Attached data can include documents, spreadsheets, pictures, drawings, text
© 2015 Sherman & Howard L.L.C.
SOCIAL MEDIA AND RELATED APPS
• Facebook, Twitter, LinkedIn, Instagram, Snapchat
© 2015 Sherman & Howard L.L.C.
Use of ODs Will Only Expand
• Business Insider. February 5, 2015. 12:15 p.m.
© 2015 Sherman & Howard L.L.C.
WHO SHOULD YOU BE WORRYING ABOUT AND WHY?
• Third-party thieves or hackers• Anyone with access to the information
© 2015 Sherman & Howard L.L.C.
SMARTPHONES ALONE
• Consumer Reports. May, 2014.– About 3.1 million American consumers were
victims of smartphone theft in 2013– Double 2012– About 1.4 million smart phones lost and never
recovered
© 2015 Sherman & Howard L.L.C.
DATA ABOUT DATA SECURITY AND BREACHES
• Hard to know about the non-Sonys, non-Targets of the world
• Reportable versus non-reportable breaches mean many data breaches are never disclosed or reported in statistics
• 40-70% caused by employees
© 2015 Sherman & Howard L.L.C.
WHAT CAN YOU DO TO MITIGATE THE RISKS AND COSTS?
• BYOD policy• Limit access• Remote wipe ability• Encryption• Short lock out times• Security software• Cybersecurity Insurance
© 2015 Sherman & Howard L.L.C.
TO B OR NOT TO B YOD
Emily Keimig, Esq.303-299-8240