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Cyber Attacks Business Interruption

J.S. Held

Cyber Security & Business Interruption: Foundations for Prevention and Mitigation

J.S. Held on

The modern security ecosystem is diverse and ever-changing, a place where cyber risk is top of mind for leaders at all levels, and threats to information / data security and privacy evolve at the speed of the technical...more

Ervin Cohen & Jessup LLP

Email Scam Losses May Find Recourse Via Cyber Or Business Interruption Coverage

Losses arising from email scams are usually covered, if at all, under a company’s crime policy. But a recent decision from The District Court in Minnesota suggests that recourse may also be found under an insured’s cyber or...more

Ankura

Emerging Middle Market Cyber-Attack Vectors: Are You at Risk?

Ankura on

The concept of “security by obscurity” is officially outdated. In recent years, cyber-attacks have become increasingly sophisticated, destructive, and indiscriminate. In today’s landscape, cyber threats can come from internal...more

Morgan Lewis

Mitigating Energy Sector Risks Through Cyberinsurance

Morgan Lewis on

Energy companies in the power and oil and gas sectors are leading targets of cyberattacks, as threats to critical infrastructure systems continue to rise. A 2021 report by a third-party cyberrisk company found that a quarter...more

Jackson Lewis P.C.

Does Your Cyber Insurance Policy Look More Like Health Insurance?

Jackson Lewis P.C. on

Over the past several years, if your organization experienced a cyberattack, such as ransomware or a diversion of funds due to a business email compromise (BEC), and you had cyber insurance, you likely were very thankful....more

Woodruff Sawyer

Ransomware Attacks Continue to Cause More Underwriter Scrutiny

Woodruff Sawyer on

Continued widespread cyber attacks have leaders in just about every industry wary and watchful, and insurance underwriters are no exception. Given the increase in claims from recent ransomware attacks, cyber insurers are...more

Lowenstein Sandler LLP

Riding the Wave of Cyber Insurance Claim Payments: A Trend Cresting or Crashing?

Lowenstein Sandler LLP on

Ransomware attacks are on the rise. Cyber criminals continue to exploit lax security measures, which have become more acute in the work-from-home environment, and hack into companies’ systems, encrypt their data, and then...more

Alston & Bird

Class Action & MDL Roundup – Winter 2021

Alston & Bird on

Welcome back to the Class Action & MDL Roundup! Our winter edition covers notable class actions from the fourth quarter of 2020. In this edition, we find a common theme among COVID-19 class actions, the Tampa 2 defends...more

Burr & Forman

Insurance Coverage for Cybercrimes in the Wake of COVID-19

Burr & Forman on

Attorneys are well aware of the ways in which corporate clients are increasingly conducting their business and affairs electronically. A business may routinely place orders with trusted vendors via e-mail, rely on the...more

Fox Rothschild LLP

CISA Makes Major Changes To Its Essential Infrastructure Workforce Guidance

Fox Rothschild LLP on

Several states that have issued shelter-in-place orders or required nonessential businesses to close to slow the spread of COVID-19, reference or rely upon the Department of Homeland Security's Cybersecurity & Infrastructure...more

Robinson+Cole Data Privacy + Security Insider

FBI Warns of Sharp Increase in Ransomware Attacks in Certain Sectors

The Federal Bureau of Investigations Internet Crime Complaint Center (IC3) recently issued a public service announcement warning private companies about the increasing numbers of ransomware attacks affecting private industry....more

Farella Braun + Martel LLP

Keeping Up With the Risks and Protections of Cyber Insurance

An obscure niche product less than a decade ago, cyber insurance is now a staple of many companies’ risk transfer programs. Its rise in prominence is no wonder. High-profile data breaches have caused businesses millions of...more

Bradley Arant Boult Cummings LLP

2018 Allianz Risk Barometer Highlights Business Interruption and Cyber as Two Most Important Risks of New Year

Allianz’s yearly survey of nearly 2,000 risk experts from 80 countries highlights business interruption and cyber incidents as the top two major threats for companies through 2018 and beyond. Forty-two percent of responses...more

K&L Gates LLP

K&L Gates Triage: Cyber Insurance Issues for the Healthcare Industry

K&L Gates LLP on

This episode provides an overview of the major cyber security issues affecting the health care industry. Given that health care is one of the most frequently targeted industries by data hackers, this episode outlines the...more

Jones Day

No More Tears: Insurance Coverage For The "WannaCry" Ransomware Attack

Jones Day on

This month's WannaCry "ransomware" attack—the first truly global incident of its kind—is believed to have affected at least 300,000 computers in over 150 countries, claiming among its victims many large corporations and...more

Farella Braun + Martel LLP

Winery, Vineyard Cyber Attack Risk Grows With Web-Connected Systems

In the internet of things (IoT), new opportunities for efficiency continually bring new cyber risk. If a device in your winery or vineyard connects to the internet, it is vulnerable. And so is the rest of the system connected...more

Farella Braun + Martel LLP

Insurance When the Internet Goes Down

Business interruption coverage is now a staple of many companies’ insurance programs. One of the “optional” first-party property coverages included in standard property policies, it is intended to compensate companies for...more

McGuireWoods LLP

Insurance Coverage for Lost Profits Arising from Cyber Attacks on the U.S. Power Grid – Contingent Business Interruption Coverage...

McGuireWoods LLP on

The Washington Post reported Friday that Russian hackers had penetrated the U.S. utility grid through Burlington Electric, a Vermont utility. Although the utility later clarified that the attacked computer was not connected...more

Hinshaw & Culbertson LLP

Sizing Up Cyber Risks after the Sony Breach

Hinshaw & Culbertson LLP on

Sony’s most recent data breach underscores the difficulties in underwriting and insuring cyber risk. Sony incurred losses that were surprising in both their scope and type. The company already is a defendant in at least four...more

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