Wait, that’s covered? Insurability of Fines and Penalties Flowing From a Cybersecurity Breach

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Despite the great strides companies have made to mitigate the risks associated with security breaches, including putting insurance in place to cover those risks, cyber criminals have remained two steps ahead, finding new and innovative ways to override state-of-the-art security and cause destruction. In today’s episode, Lynda, joined by Mary J. Hildebrand CIPP/US/E, Founder and Chair of Lowenstein’s Privacy & Cybersecurity practice, and David Anderson CIPP/US, Partner, US Head of Cyber at McGill and Partners, discuss what regulators See more +
Despite the great strides companies have made to mitigate the risks associated with security breaches, including putting insurance in place to cover those risks, cyber criminals have remained two steps ahead, finding new and innovative ways to override state-of-the-art security and cause destruction. In today’s episode, Lynda, joined by Mary J. Hildebrand CIPP/US/E, Founder and Chair of Lowenstein’s Privacy & Cybersecurity practice, and David Anderson CIPP/US, Partner, US Head of Cyber at McGill and Partners, discuss what regulators are doing to incentivize companies to avoid security breaches and promptly report breach events, the current state of play regarding what fines and penalties are being imposed on companies, and the forecast of whether insurers will continue to provide coverage for those fines and penalties with a growing risk profile.

Speakers:

Lynda A. Bennett, Partner and Chair, Insurance Recovery

Mary J. Hildebrand CIPP/US/E, Partner and Chair, Privacy & Cybersecurity

David Anderson CIPP/US, Partner, US Head of Cyber at McGill and Partners

Subscribe to Lowenstein Sandler’s Insurance Recovery Podcast: Don’t Take No for an Answer via Apple Podcasts/iTunes, Google Podcasts, Pandora, SoundCloud, Spotify, and YouTube. See less -

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