A relatively new concept for managing information exposure risk is “Information Malpractice Assurance.” Introduced by Identity Theft Loss Prevention, LLC (IDTLP), this approach offers a positive declaration against reprehensible ignorance, negligence, and criminal intent allowing institutions to self-insure themselves through a system of prudent actions. This is not an insurance policy, but rather a necessary assurance action.
Out of all of the laws that I have researched for the association, these identity theft laws hold the worst consequences of them all.
—Attorney at Law
Insurance policies are a necessary evil that triggers after an unfortunate event. Often they only cover a fraction of financial damages incurred. Compliance policies are written to satisfy certain pieces of legislation, but rarely translate into the daily practices of the institutions that adopt them. Information Malpractice Assurance is a preventative action encompassing professional expertise, assessment, training, infrastructure, design, implementation, and maintenance.
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