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Meeting Date:
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2/25/2013 - 7:30 PM
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Category:
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Untitled
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Type:
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Action
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Subject:
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16.8 Experian ProtectMyID Elite Invoice Payment
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LCAP (Local Control Accountability Plan) Goal:
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Enclosure
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Experian Invoice
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File Attachment:
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Summary:
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On December 1, 2012, District staff discovered that a laptop computer that potentially contained sensitive material had been stolen. Consequently, the District implemented Security Breach Notification protocols. All the potentially affected individuals were notified and provided extensive credit reporting, identity theft protection, resolution and insurance by way of a membership in ProtectMyID Elite from ConsumerInfo.com an Experian Company. Experian was a vendor recommended by the Beasley Syndicate of Lloyds of London who provided and administered the District's Cyber-Liability insurance policy. The District is responsible for paying Experian within the $100,000 Self Insured Retention set forth in the cyber liability policy. On the date of the invoice 1,002 people had enrolled. At a unit price of $27.50 per person, the District's initial expenditures were $27,555. As was reported at the January 14, 2013, Board Meeting, over 1,743 people opted to receive the credit protection plan. Consequently, the District expects further invoices from Experian.
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Funding:
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General Fund -- Risk Management Budget
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Fiscal Impact
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$27,610.00
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Recommendation:
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Approve payment as presented.
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Approvals:
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Recommended By:
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Signed By:
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Greg Rolen, Esq. - General Counsel
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Signed By:
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Bryan Richards - Chief Financial Officer
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Signed By:
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Steven Lawrence - Superintendent
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Vote Results:
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New Motion | Member Linda Mayo Moved, Member Lynne Dennler seconded to approve the New motion 'Approve payment for the Experian ProtectMyID Elite Invoice Payment'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | The motion Carried 5 - 0 | | | Linda Mayo | Yes | Lynne Dennler | Yes | Cheryl Hansen | Yes | Brian Lawrence | Yes | Barbara Oaks | Yes | |
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