News & Analysis as of

Information Technology Cybersecurity Cyber Insurance

Troutman Pepper Locke

6 Considerations to Determine if a Cyber Incident Is Material

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In late June, the staff of the U.S. Securities and Exchange Commission’s Division of Corporation Finance released five new compliance and disclosure interpretations regarding the disclosure of material cybersecurity incidents...more

Lowenstein Sandler LLP

Cyber Insurance for Operational Technology: Where Computers Touch the Real World

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On this episode of “Don’t Take No for An Answer,” Lynda A. Bennett, Chair of Lowenstein’s Insurance Recovery Group, speaks with David Anderson, Vice President of Cyber at Woodruff Sawyer, about the difference between...more

K&L Gates LLP

CrowdStrike IT Outage: Wave of Business Interruption Claims Expected

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Businesses, public services, and computer users across the world faced disruption as a result of the major CrowdStrike information technology (IT) outage, which is being coined by many as one of the largest and worst cyber...more

Levenfeld Pearlstein, LLC

Addressing Cybersecurity Risks in the Construction Industry: 5 Things Companies in the Construction Industry Should Consider

Cybersecurity continues to be a top challenge for many companies and industry sectors, and the construction industry is no different. Additionally, certain characteristics of the construction industry make businesses more...more

Jackson Lewis P.C.

Importance of Protecting Employee Information as Privacy and Cybersecurity Laws Proliferate

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Most human resources professionals are concerned about the privacy and security of the vast amounts of personal information they manage. This article discusses steps to consider taking against the challenges. Deluge of...more

Jones Day

French Law Authorizes Insurability of "Cyber-Ransoms" Paid by Victims, Subject to Prompt Filing of Complaint

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France's Orientation and Programming Law of the Ministry of the Interior ("LOMPI law"), published in the Official Journal of January 25, 2023, amends the insurance coverage of losses and damages paid in response to...more

Buckingham, Doolittle & Burroughs, LLC

Busting Cyber Myths Part 2: I Can’t Afford Cyber Protection

In the second of a three-part series, Buckingham Data Privacy and Cybersecurity Attorney David Myers talks with Andy Jones, CEO, Fortress Security Risk Management, and Bryan Schauer, Vice President at The Schauer Group’s...more

Miller Nash LLP

[Webinar] Panic! at the Firewall: Cyber Incident Response and the Role of Insurance - May 17th, 9:00 am - 10:30 am PDT

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Cyber incidents are increasing in frequency and severity across all businesses and industries. As the saying goes, it’s not a matter of IF but WHEN an incident will occur. In this webinar we will explore ways that you can...more

Levenfeld Pearlstein, LLC

FBI Warns of Heightened Ransomware and Cybersecurity Risks During M&A Transactions and Over the Holidays

Federal agencies are warning businesses and consumers of heightened ransomware risks. On November 1, 2021, the FBI issued a Private Industry Notification, warning businesses that ransomware actors are using significant...more

HaystackID

[Webcast Transcript] Breaches, Responses, and Challenges: Cybersecurity Essentials That Every Lawyer Should Know

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Editor’s Note: On September 15, 2021, HaystackID shared an educational webcast designed to inform and update cybersecurity, information governance, and eDiscovery professionals on how organizations can prepare, address, and...more

Burr & Forman

Your Business Experienced a Ransomware Attack, and It Was Not Prepared – Now What?

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It is hard to find a news post without a story on a ransomware attack. The National Security Council has issued an open letter warning all businesses to be alert and prepared for ransomware attacks.  Various industry groups...more

Burr & Forman

Business Exposure to Internet Crime

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Each year, the Internet Crime Complaint Center (“IC3”) of the Federal Bureau of Investigation publishes its Internet Crime Report.  The IC3’s 2020 Internet Crime Report includes startling information about the continuing...more

Lowndes

Avoiding Ransomware Attacks is Not a Pipe Dream: Actionable Steps to Avoid Becoming the Next Victim

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Recently, the largest gasoline pipeline in the United States fell victim to a ransomware attack that caused the pipeline to go offline for several days. In addition to causing gas shortages across the Southeastern United...more

Akerman LLP

The New NYDFS Cyber Insurance Risk Framework – Required Reading for Insurers and Insureds

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The New York Department of Financial Services ("NYDFS") recently released its Cyber Insurance Risk Framework (the “Framework”), which provides best practices for managing cyber insurance risk....more

Alston & Bird

NYDFS Issues Best Practices for Cyber Insurance Risk Management

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Against the backdrop of the disruptions associated with the Covid-19 pandemic and SolarWinds cyber-espionage campaign, NYDFS has released guidance for insurers that underwrite cyber insurance policies and which contains a...more

Lowenstein Sandler LLP

Recent Cyber Event Places Many Entities’ Data At Risk

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As reported by Bloomberg and other news outlets, a major cyber security intrusion attributed to Russian state hackers, known by the nicknames APT29 or Cozy Bear, has sent cybersecurity experts into emergency mode as they work...more

Lowndes

NASA Contractor Breached by Ransomware: Finally Time to Pay Attention to Your IT Security?

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The ransomware gang DopplePaymer announced yesterday that it had breached the network of Digital Management Inc. (DMI), a provider of managed information technology and cybersecurity services that had apparently supplied...more

Neal, Gerber & Eisenberg LLP

Client Alert: High Profile Phishing Incident Demonstrates Continued Need for Social Engineering Insurance

Media outlets recently reported that Barbara Corcoran, one of the judges on the popular ABC show "Shark Tank," was the victim of a "spear phishing" scam....more

Robinson+Cole Data Privacy + Security Insider

Court Finds That Insurer’s Quote Implied Coverage for Computer Hacking Losses

In an interesting case from Indiana, a court recently ruled that language in the insurer’s “quotes” for coverage in a crime policy led the insured to believe that losses for computer hacking would be covered under the policy...more

Bennett Jones LLP

Cyber Crash Course for Directors and Officers

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We had a packed house for our Cyber Time: Crash Course for Directors and Officers event this week at the Bennett Jones Calgary office. The half-day session covered current cyber threats facing businesses today, litigation...more

Bradley Arant Boult Cummings LLP

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

Bradley Arant Boult Cummings LLP

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

Hogan Lovells

The evolving cyber insurance market: How IT companies, financial institutions, and other nontraditional players can offer cyber...

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In this hoganlovells.com interview, Hogan Lovells counsel Robert Fettman discusses the evolution of cyber insurance, the level of regulatory oversight applied to covered entities, and ways that noninsurance companies can...more

Butler Weihmuller Katz Craig LLP

Ransomware is taking the world by storm; does insurance respond?

On June 27, 2017, the world had its second major ransomware attack in two months, and experts are predicting more to come. The first, named WannaCry, began May 12, and quickly spread to over 400,000 machines, the vast...more

Nossaman LLP

The Remedy for the New Cyber Threat Posing Major Coverage Problems: “Fake President” E-mails

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In the last few weeks, we have seen yet another widespread ransomware attack that hit nearly one hundred companies around the world. It reminded me of a recent request from a client, made just after news broke of the...more

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