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EU Insurance Regulator Finds European Cyber Insurance Market Hindered By Lack Of Specialized Expertise And Key Data

On August 2, 2018, the European Insurance and Occupational Pensions Authority (“EIOPA”) published a report summarizing its findings regarding the limited market for stand-alone cyber insurance coverage in Europe, the factors...more

8/16/2018  /  Cyber Insurance , Cybersecurity , EIOPA , EU , Popular

Warning: GDPR Fines May Apply To Undisclosed Prior Data Breaches

On April 9, 2018, a European Commission Official speaking on the condition of anonymity warned that companies currently hiding data breaches from the public may be subject to substantial fines when the European Union’s (“EU”)...more

SEC Expands Guidance On Cybersecurity Risk Disclosures

The Securities and Exchange Commission (“SEC”) recently issued a statement and guidance to assist public companies in adequately disclosing cybersecurity risks and incidents. The new interpretive guidance, which became...more

Do Your Cyber and D&O Policies Cover Emerging Exposures Arising Out Of The New NYDFS Cybersecurity Regulations?

March 1, 2018 will mark one year since the effective date of the New York Department of Financial Services’ (“NYDFS”) cybersecurity regulations, which may signal a trend towards stricter industry-specific regulatory oversight...more

South Dakota Moves Forward With State’s First Data Breach Law

On January 25, 2018, the South Dakota Senate approved the state’s first data breach notification law. If passed, the law would leave Alabama as the only U.S. state without a notification law. The proposed law will now move to...more

Trump Proclaims October 2017 As Cybersecurity Awareness Month

On September 30, 2017, President Trump signed a proclamation declaring October 2017 as “National Cybersecurity Awareness Month.” This year marks the 14th iteration of the annual event, which is cosponsored by the National...more

Senate Cybersecurity Caucus Introduces Bill To Secure Federal Agencies’ Connected Devices

On August 1, 2017, the Senate introduced the proposed “Internet of Things (‘IoT’) Cybersecurity Improvement Act of 2017” (the “Act”) to establish, among other things, minimum cybersecurity standards for contractors who...more

Homeland Security Committee Hearing Focuses On “Borderless Battle” Of Cyber Threats

On March 22, 2017, the U.S. House Committee on Homeland Security heard testimony on the current state of the global cyber battleground, how rapid changes in technology and the expanding Internet-of-Things (“IoT”) present new...more

DHS Designates Election Infrastructure As “Critical” Amid Cybersecurity Concerns

In a January 6, 2017 statement, Secretary of Homeland Security Jeh Johnson announced that election infrastructure in the United States has been designated “critical” and worthy of the Department of Homeland Security’s (“DHS”)...more

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