News & Analysis as of

Risk Management Cyber Insurance Data Security

Woodruff Sawyer

Running to Stand Still: Practical Cybersecurity Governance Considerations for Boards and Management Teams

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It’s obvious that strong cybersecurity governance should help to reduce a company’s risk of succumbing to a cybersecurity incident or being significantly impacted should one materialize. One major challenge: determining what...more

Womble Bond Dickinson

Cybersecurity Crunch: Building Strong Data Security Programs with Limited Resources - Insights from Tech and Financial Services...

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In today’s digital age, cybersecurity has become a paramount concern for executives navigating the complexities of their corporate ecosystems. With resources often limited and the ever-present threat of cyberattacks,...more

Integreon

Best Practices for Reducing the Cost of a Cyber Incident for Small to Mid-Sized Businesses

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Originally published in American Business Magazine - May 2024. Many small- and mid-sized business owners believe that they are not prime targets for a cyber breach and that threat actors only go after large companies. This...more

Butler Snow LLP

Cybersecurity: What Businesses Need to Know

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Cybersecurity is a top concern for all industries, particularly for the pharmaceutical and medical device industries. These industries hold some of the most sensitive data and highly valuable technology, making them prime...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

J.S. Held

How to Avoid the Most Common Causes of Cybersecurity Incidents

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Cybercrime is at an all-time high, with just the cybercrime insurance industry alone expecting to grow from $8 billion globally in 2020 to $20 billion by 2025.1 Although cyber liability insurance policies now exist to help...more

Woodruff Sawyer

[Virtual Event] Cyber Insurance Trends – Looking Ahead to 2022 - January 25th, 10:00 am - 11:00 am PDT

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Cyber liability insurance is becoming more ubiquitous, more unpredictable, and in some cases more confusing than ever, which makes understanding your risk even more critical in 2022. Join Woodruff Sawyer experts Dan Burke,...more

Stoel Rives - Global Privacy & Security Blog®

Don’t let Cyber Insurance be Your Cybersecurity Plan

In a recent letter to insurers, the New York State Department of Financial Services (“NYDFS”) acknowledged the key role cyber insurance plays in managing and reducing cyber risk – while also warning insurers that they could...more

Jones Day

Accountability for Cybersecurity in Australia—A Major Regulatory and Litigation Risk

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There are showers, there are squalls, and there are storms. The growth in cybersecurity attacks in Australia, as in much of the world, is a storm and Australian companies need to batten down the hatches. In the period from 1...more

Bilzin Sumberg

Data Security for Owners and Contractors: Protect Construction Investments From Catastrophic Loss

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Long before the COVID-19 pandemic, the construction industry was "going global" using available technology and cloud-based data storage and file sharing on all phases of projects. For example, a project owner might hire a...more

Bradley Arant Boult Cummings LLP

3 Cyber Insurance Steps Critical to Cyber-Risk Management

Cyber-related privacy and security risks continue to evolve like the hydra from Greek mythology. Once one threat has been addressed, two new threats seem to appear. Even the most well-prepared among us must remain vigilant in...more

Society of Corporate Compliance and Ethics...

[Event] Virtual 2020 Richmond Regional Compliance & Ethics Conference - May 8th, Richmond, VA

Our Virtual Regional Compliance Conferences provide updates on the latest news in regulatory requirement, compliance enforcement, and strategies to develop effective compliance programs. Watch, listen, and ask questions from...more

BCLP

Data Security Breach Handbook - 2019 Edition

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It has been several years since data breaches first emerged as the lead news story. Despite increasing security and technology advancements, companies are still grappling with how to stay ahead of hackers and, when they...more

Burns & Levinson LLP

Interesting Cybersecurity Development in the Insurance and Vendor Risk Arena

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Often one of the benefits of working with a capable cyber risk broker or insurer is that the covered business has access to supplemental services ranging from security assessments to budget-priced post-incident legal support....more

Robinson+Cole Data Privacy + Security Insider

Data Privacy and Security Contractual Provisions

A dispute between parties, or in the middle of a security incident, is not the best time to determine whether you have sufficient contractual provisions in place with a customer or vendor....more

Skadden, Arps, Slate, Meagher & Flom LLP

GDPR Collective Civil Claims Present Potential for Reputational Risk and ‘Ruinous’ Damages

While much attention has been paid to the maximum level of administrative fines under the General Data Protection Regulation (GDPR) — up to 4 percent of total worldwide annual turnover — the regulation also provides for...more

Perkins Coie

Cryptocurrencies: Matching insurance to risks and exposures

Perkins Coie on

While cryptocurrencies and digital tokens — also known as “digital assets” — have disrupted traditional notions of commerce, capital and investing, there is another asset which any company engaged in this space will need:...more

Bradley Arant Boult Cummings LLP

Cybersecurity Steps Every Lawyer Should Consider

All lawyers face technology threats, ranging from the inconvenient to practice-threatening disasters. From unauthorized access, lawyers risk having confidential information stolen, destroyed or made inaccessible. Hackers...more

Skadden, Arps, Slate, Meagher & Flom LLP

"Cybersecurity Trends for Boards of Directors"

Cybersecurity has in recent years become an integral component of a board’s role in risk oversight, but directors often find themselves in unfamiliar territory when it comes to formulating policies and oversight processes...more

Robinson+Cole Data Privacy + Security Insider

Think you’re covered? Think again

Commercial General Liability policies (CGL) typically do not include data protection loss coverage, although some insurers offer additional data protection endorsements. Normally those additional endorsements only cover data...more

Bradley Arant Boult Cummings LLP

Hanging Around: Fourth Circuit Confirms the Coverage for Data Breach Can Still Be Found in Traditional Liability Policies

With today’s increased focus on data breaches and related cyber liability exposure, the insurance market continues to develop policies tailored to this unique risk. Insurers are also excluding cyber risks in many traditional...more

Cozen O'Connor

House Subcommittee Examines the Role of Cyber Insurance

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On March 22, the House Homeland Security Committee’s Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies held a hearing on The Role of Cyber Insurance in Risk Management. The witnesses were...more

Locke Lord LLP

A Common Standard for Evaluating Cyber Risk – Insurers Walk the Walk

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Insurers have struggled to find a common baseline to measure cyber risks. Changes in technology, hacking and other data security risks and the shifting legal landscape concerning liability for data breaches have made the...more

Farella Braun + Martel LLP

Protect Your Wine Business Against Data Security Breaches and Other Cyber Risks

When asked who should buy cyber insurance, one expert responded, “more companies than realize it.” The truth is, almost every company in the country collects its customers’ or its employees’ Personally Identifiable...more

Proskauer - The Capital Commitment

6 Questions PE Sponsors Must Ask About Their GPL Policies

Private equity fund sponsors are facing increased litigation risk from regulators and private parties, including limited partners and stakeholders in portfolio companies. As a result, private equity firms should re-examine...more

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