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Cyber Attacks Cyber Insurance Hackers

Health Care Compliance Association (HCCA)

Hackers Increasingly Leveraging Threats to Patients to Pressure Health Organizations to Pay Ransom

Cyberhackers—potentially frustrated by their limited ability to extort ransom from health care entities in attacks—have started extorting the patients themselves, threatening them with the release of information or...more

Woodruff Sawyer

Looking Ahead: Cyber Liability Insurance Concerns in 2024

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Followers of the cyber insurance market over the past two years may be suffering from whiplash—that’s how dramatically the market shifted from 2022 to 2023. A perfect storm of good trends and facts combined to create a soft...more

K&L Gates LLP

The MOVEit Hack, Ransomware Attacks, and Cyber Insurance

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Ransomware attacks and cyber data theft are an unfortunate fact of life for businesses. Whether through attacks targeting individual companies or widespread campaigns carried out by exploiting vulnerabilities in third-party...more

Woodruff Sawyer

Cyber Mid-Year Market Update: Trends and Hot Topics

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In our annual Cyber Looking Ahead Guide published in January 2023, we looked at market trends and prognosticated on issues that would impact the cyber insurance market throughout 2023. As we hit the halfway point of the year,...more

Ervin Cohen & Jessup LLP

Insure Against Data Breaches Suffered By Vendors and Service Providers

Over the last several years several companies, including Marriott, Yahoo and Volkswagen, have been victimized by hackers breaking into a company’s computer network. In some cases, they have put confidential information on the...more

Latham & Watkins LLP

Cyber Security Incidents als Herausforderung für die Rechtsabteilung - wichtigste Punkte, die Unternehmensjuristen über die...

Latham & Watkins LLP on

Hackerangriffe, Datendiebstahl, Ransomware, Datenpannen und sonstige Cybersecurity Incidents werden immer mehr zu einem zentralen Unternehmensrisiko. Dabei wird oft übersehen, dass dieses Thema nicht nur in technischer,...more

Latham & Watkins LLP

War Exclusion Developments in Cyber Insurance Policies

Latham & Watkins LLP on

Policyholders have options when it comes to war exclusions in cyber insurance policies, a focus area for insurers following recent cyberattacks. Key Points: ..Insurers have asserted that war exclusions may preclude...more

Woodruff Sawyer

Scams and Viruses: Which Email Attachments Are Safe to Open?

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Email scams and viruses are nothing new—threats like phishing emails and malware have been around since the days when services like AOL still dominated the internet and email landscape. However, while technology has made a...more

Woodruff Sawyer

6 Things Underwriters Look for in Your Ransomware Protection

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While the early days of cyber insurance were often marked by rapid expansion and low losses, recent years have seen the industry weather a vast increase in not just the number of claims but also the severity. The growing...more

Bradley Arant Boult Cummings LLP

Cybersecurity Basics Are Key to Combating Ransomware

The onslaught of ransomware attacks by cybercriminals increases unabated every year, affecting everyone from mom and pop shops on Main Street to corporate lions of Wall Street. Hackers infiltrate an organization's computer...more

Pillsbury - Policyholder Pulse blog

Cyber Insurance Premiums and Demand Surge After Boom of Costly Cyberattacks

The frequency and severity of cyber incidents, particularly ransomware attacks targeting businesses and critical infrastructure organizations, have been on the increase and are unlikely to subside anytime soon. Higher claim...more

Woodruff Sawyer

Nation-State Cyber Attacks and Insurance Response: Revisiting the War Exclusion

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The Russian invasion of Ukraine has prompted renewed concerns from many cyber insurance policyholders as to the insurability of nation-state sponsored cyber attacks. In a previous Woodruff Sawyer blog post, we have outlined...more

Womble Bond Dickinson

Will an Act of War Destroy Your Cyberinsurance Coverage?

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Cyberinsurance spurs many complaints from US business. The cost is skyrocketing, retentions (deductibles) are rising quickly, and the insurance companies push their own panel lawyers on customers despite other relationships....more

Esquire Deposition Solutions, LLC

Is Your Cyber Insurance Keeping Up With the Times?

The threat to law firms posed by data breaches and ransomware has been in the news lately —and for good reason. The financial and reputational fallout from a data breach or successful ransomware attack can be catastrophic. ...more

Lasher Holzapfel Sperry & Ebberson PLLC

The Price set on Ransomware – Avoiding the Cyber Sucker Punch

Most businesses today understand that the internet can be a dangerous place. As an organization grows beyond the very early stage of one or two employees and a few thousand dollars in sales, the cyber strategy of “security by...more

Dechert LLP

Dechert’s Privacy & Cybersecurity Extended Forecast for 2022: Hot Today. Hotter Tomorrow!

Dechert LLP on

​​​​​Few things are certain, but it is indisputable that in 2022 data will remain big; data driven technologies will create unparalleled opportunity and risk; the frequency and sophistication of cyberattacks will shatter...more

Woodruff Sawyer

Ransomware Attacks Continue to Cause More Underwriter Scrutiny

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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

Husch Blackwell LLP

Cyber Risk Insurance in the Wake of the Colonial Pipeline Cyberattack

Husch Blackwell LLP on

On May 7, 2021, pipeline operator Colonial Pipeline Company suffered a ransomware cyberattack on its namesake Colonial Pipeline. Hackers attacked computerized management equipment, effectively freezing one of the largest...more

Lowenstein Sandler LLP

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

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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

Bilzin Sumberg

Cyber Insurance Carriers, Increasingly Targeted by Hackers, Impose New Coverage Conditions

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Insurers that offer coverage for cyberattacks find themselves playing both offense and defense lately. As they await possible action by Congress to enact federal cybersecurity legislation, the insurance industry has gone on...more

Flaster Greenberg PC

Policyholder Best Practices As Cyberattacks Escalate

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Cyberattacks are exploding. The coronavirus pandemic has further exposed cyber vulnerabilities due to remote work and the increasing use of underprotected devices. Ransomware attacks are increasingly becoming the cyberattack...more

Pillsbury - Policyholder Pulse blog

Your CGL Policy May Provide Coverage for a Data Breach

As cybercrimes and data breaches continue to cause significant damage to companies of all types, policyholders are looking to their various insurance policies for coverage to help weather the storm and recoup losses. A recent...more

Constangy, Brooks, Smith & Prophete, LLP

Ransomware Gone Wild -- And What You Need To Do To Protect Your Company (Part 2)

In Part 1 of this series, I discussed the ever-increasing prevalence of Ransomware attacks and went over what you could do to prevent, or at least reduce the likelihood of, being hit. But what should you do if the hackers get...more

Bracewell LLP

Don't Panic-Buy Your Cyber Policy: Evaluating New Approaches to Cyber Risk

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Panic-buying made a post-pandemic comeback when a critical channel for gasoline, diesel, and jet-fuel was forced shut down in the wake of a ransomware attack. Suddenly, gas became the new toilet paper: a treasured commodity....more

Lowenstein Sandler LLP

In The Know: The Lowenstein Insurance Recovery Group’s Tip Of The Month - July 2021

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Cyberattacks have, unfortunately, become commonplace and only show signs of increasing. As demonstrated by the recent Colonial Pipeline and JBS attacks, ransomware attacks, in particular, are increasing (in terms of both...more

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