CSIA 300 UMUC Data Breach Incident Analysis & Report Padgett Beale Research Report
Question Description
Padgett-Beale Inc.s (PBI) insurance company, CyberOne Business and Casualty Insurance Ltd, sent an audit team to review the companys security policies, processes, and plans. The auditors found that the majority of PBIs operating units did not have specific plans in place to address data breaches and, in general, the company was deemed not ready to effectively prevent and/or respond to a major data breach. The insurance company has indicated that it will not renew PBIs cyber insurance policy if PBI does not address this deficiency by putting an effective data breach response policy and plan in place. PBIs executive leadership team has established an internal task force to address these problems and close the gaps because they know that the company cannot afford to have its cyber insurance policy cancelled.
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