CSR, the pre-eminent supplier of information security solutions, today announced the issuance of US Patent No. 8,626,671, which recognizes the uniqueness of the CSR Breach Reporting ToolKit® system for the expeditious reporting of the loss, breach, compromise or exposure of data to relevant authorities. CSR’s award-winning solution aggregates organization and breach information, selects relevant reporting entities based on geography and types of breach data, and generates breach reports to appropriate authorities as required by a variety of federal, international and state laws and regulations.
CSR’s breach reporting service solves the problem of how to file reports to authorities when timing is critical and the web of legislation and regulation that protect many types of personally identifiable (PII) and protected health information (PHI) is increasingly complex. Failure to report to any one authority in a timely fashion may result in costs, penalties and civil sanctions that continue to escalate.
“Every organization needs to establish relationships with vendors before an incident, as recommended by Visa, which states ‘consider a breach likely and plan accordingly,’ to reduce the fallout that destroys businesses,“ says CSR Founder Ross Federgreen. “Beyond fines, the devastation of a breach can mean penalties like class action lawsuits, years of federal scrutiny, civil and even criminal prosecution, and do serious damage to reputation and future sales.”
In an interview on CNN about the recent Target breach, Shawn Henry, the former FBI executive assistant director responsible for Cybercrime, explained that “all retailers are potentially susceptible” and breach reporting is among the things that can mitigate the aftermath of data breaches.
When a business using CSR’s breach reporting service even suspects they have lost PII or PHI data, their call to CSR’s privacy professionals, certified by the International Association of Privacy Professionals (IAPP), starts the process. CSR’s system then collects and evaluates information, filing reports as needed and giving business owners peace of mind.
“The value proposition for our partners who resell CSR ToolKits is the extension of their portfolio offering, often focused in niche segments of business services, more broadly into information security, a growing, ongoing requirement for businesses,” says CSR Founder Ross Federgreen. “We are devoted to continuing to develop solutions that help organizations easily and affordably identify and remediate vulnerabilities that address compliance regulations for personal and health data that must be protected, while providing our partners with significant, ongoing revenues.”
The prestigious 2012 HP-IAPP Privacy Innovation Award and the 2013 Info Security Products Guide Gold Global Excellence Award are among honors bestowed CSR for the CSR Breach Reporting ToolKit solution.
Health care providers, financial institutions, acquirers, ISOs, payment processors, value-added resellers, franchisors and other associations interested in offering any of the CSR ToolKits or CSR consulting services to their members can email [email protected] or call 1-866-462-7774 for more information.
About CSR
CSR is the leading provider of data compliance solutions and expert business services that helps organizations turn compliance into revenue both domestically and around the globe. We enable compliance with Personally identifiable information (PII) requirements and Payment Card Industry (PCI) standards while facilitating best practices to reduce the business risk and financial liability associated with the acquisition, handling, storage, sharing and disposal of data. The company is a PCI Security Standards Council Participating Organization and is a member of Merchant Acquirers’ Committee (MAC), International Association of Privacy Professionals (IAPP), Electronic Transactions Association, European Privacy Association, Hospitality Financial and Technology Professionals (HTFP) Association, and National Indian Gaming Association (NIGA). Founded in 1999, CSR is a privately held corporation headquartered in Jensen Beach, Fla. For more information, please contact CSR at 866.462.7774 or visit www.csrcorporate.com.