News & Analysis as of

Cyber Insurance

SEC announces new interpretive guidance in cybersecurity

by Thompson Coburn LLP on

In a February 21 Release, the U.S. Securities and Exchange Commission (SEC) announced new interpretive guidance for public companies regarding cybersecurity risk and incident disclosures. The interpretive guidance reviews...more

Increased FTC Enforcement Highlights Need for Cyber-Regulatory Coverage

Regulatory components to cyber insurance policies are becoming increasingly valuable as data-breach enforcement continues to surge. The Federal Trade Commission (FTC or Commission), the nation’s primary privacy and data...more

Small and Mid-Sized Companies are the New Targets of Business Email Compromise

by Womble Bond Dickinson on

Originally published in the Upstate Business Journal on February 15, 2018. Meet Peter — a longtime employee and the backbone of your business’s day-to-day finance and accounting operations. Today he got an email from the...more

100 Days Until GDPR … Are You Ready?

by Vedder Price on

What Is GDPR?- The EU General Data Protection Regulation (GDPR),—described as “the most important change in data privacy regulation in 20 years”—becomes enforceable by law on May 25, 2018. After four years of preparation...more

Cyber FICO Ratings Could Benefit Insurance Underwriting in Multiple Ways

Nearly 30 years ago the Fair Isaac Corporation (“FICO”) first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market participants to facilitate...more

Dangerous Assumptions and Serious Consequences in Cybersecurity

by Bennett Jones LLP on

It's not the kind of news a retail giant wants to make. In May 2017, Target agreed to a $18.5-million settlement to resolve a 47-state investigation into a massive 2013 hack. This settlement put Target's total cost of the...more

Cloud Before the Storm: Lloyd’s of London Report Forecasts Cloud Outage With a Chance of Multibillion Dollar Losses

by Reed Smith on

On Tuesday, January 23, Lloyd’s of London co-published a report with AIR Worldwide highlighting the significant financial fallout that could occur in the event of a cyber incident or shutdown of a cloud computing provider in...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

As we hold our breaths at the opening bell to see if last week’s volatility continues, we consider the impact of computer-driven index funds on that market rollercoaster....more

The Grey’s Anatomy / Allscripts Ransomware Crossover Event: When Scripted TV Becomes Reality, the Script Goes Out the Window

by Dickinson Wright on

For those familiar with the Shonda Rhimes juggernaut, Grey’s Anatomy, it is the story of surgical residents, fellows, and attending physicians as they work in the surgical wing of the fictional Grey Sloan Memorial Hospital....more

Three Practical Considerations When Evaluating Your Cyber Extortion Coverage

by K&L Gates LLP on

Cyber crime has increased significantly over the past several years, with no indications that the annual increases will stop or even slow down. Many analysts predict that global ransomware “damages” will exceed $5 Billion in...more

Understanding cyber insurance risks of target companies

Due to the dramatic increase and changing nature of cyber risks, mergers and acquisitions due diligence should expand to address cyber risks, available risk mitigation practices, and available insurance. Acquiring companies...more

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

The North Korea Gap in Your Cyber Insurance

by Newmeyer & Dillion LLP on

North Korea was recently identified as the powerhouse behind the WannaCry ransomware attack that swept across 150 countries and 200,000 computers. Panicked hospitals cancelled thousands of operations, ambulances were...more

IVASS provides instructions to insurance intermediaries for preventing cyber risks

by Hogan Lovells on

IVASS has just published a letter to the market addressed to Italian and EU insurance intermediaries and undertakings addressing the level of awareness of traditional intermediaries about the risks involved in the use of new...more

Cybersecurity & Privacy Predictions For 2018

Orrick of counsel Emily Tabatabai, a founding member of our Cybersecurity & Data Privacy team, recently spoke with Law360 regarding cybersecurity and privacy predictions for 2018. Emily discussed the inherent privacy and...more

Insurance Can Reduce the Financial Repercussions to Your Supply Chain of Superstorms, Wildfires, Climate Change, and Global...

by Blank Rome LLP on

Many companies in today’s global economy are dependent upon the efficient and disruption-free operation of their multinational supply chains. Unfortunately, such supply chains are vulnerable to numerous physical and...more

Why Arbitration Clauses May Make Sense in Cyber Insurance Policies

by JAMS on

I. INTRODUCTION - Arbitration tends to work best when both parties buy into the process from the beginning. Alternatively, the process often works poorly when one party feels that arbitration was imposed on them. In the...more

CGL Policies And Data Breaches: No Publication, No Coverage

by Carlton Fields on

As cyber hacking and phishing schemes become more common, one issue that is often raised is whether, and to what extent, damages resulting from these incidents fall within the coverage afforded under a standard commercial...more

NAIC’s Model Law Opens Door for State Data Security Standards

by Pessin Katz Law, P.A. on

There appears to be no stopping the continued breathtaking pace of cyberattacks as we head into 2018. In 2017, the Equifax data breach exposed the nonpublic information of over 140 million consumers; there were allegations...more

What You Need to Know About Cyber Extortion Insurance Coverage

by K&L Gates LLP on

Cyber extortion and ransomware attacks made headlines across the globe this summer. In May, the WannaCry virus infected hundreds of thousands of computers worldwide. In June, the NotPetya ransomware attack shut down hundreds...more

Top 10 Things to Do in the Event of a Data Breach

This webinar focuses on strategies for mitigating reputational, litigation, and regulatory risk in the post-data breach environment. We will offer specific practice tips to implement during this crisis period that are...more

Corporate Insurance Newsletter – November 2017

by Hogan Lovells on

The Hogan Lovells’ Corporate Insurance Newsletter for November has been published. This provides a round-up of UK, EU and international regulatory developments relevant to UK based insurance market participants. Please...more

Insurance Purchasers Beware: Florida Court Finds No Duty to Defend Data Breach Claim Under CGL Personal & Advertising Injury...

On November 17, 2017, a U.S. district court in Florida narrowly construed personal and advertising injury coverage for data-breach claims under a commercial general liability policy. In Innovak International, Inc., v. The...more

Cyber Insurance: Managing Your Cyber Liability and Avoiding Coverage Gaps

by Hogan Lovells on

Mark Goodman is a partner in our San Francisco office. In this interview, he addresses the need for companies to manage their cyber risk and the role that insurance plays in an organization’s overall risk...more

Insurance Broker Series: Clark Morton, Woodruff-Sawyer & Co.

by Farella Braun + Martel LLP on

Farella’s Insurance Recovery Group lawyers regularly collaborate with and learn from different players and functions within the insurance industry. To provide more value to our readers, we have reached out to a series of...more

453 Results
View per page
Page: of 19

"My best business intelligence,
in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.