Popular, Data Security, Cyber Insurance

The Impact of Merck’s NotPetya Policy Claims and a Reported Settlement

Bond Schoeneck & King PLLC on 1/25/2024

By definition, insurance policies represent an exercise in planning for (and hedging against) catastrophe. Cyber insurance for the healthcare industry is no exception. But any hedge is only as good as it’s reliable. Many...more

[Event] Data Breach Response Workshop – Staying Calm in Crisis - November 1st, Raleigh, NC

Womble Bond Dickinson on 10/12/2023

Join industry leaders and legal professionals as they step through a cyber incident response scenario and give real-time perspectives from the viewpoint of forensic investigation and mitigation, legal, cyber insurance, and...more

Risky Business And Cyber Attacks… Simple Steps To Limit Liability Of Cybersecurity Service Providers

Dunlap Bennett & Ludwig PLLC on 8/11/2023

The consequences of a cyber attack can be significant and wide-ranging for both an individual and a business – no matter how big or small. Cyber attacks can result in serious data breaches that lead to the theft or exposure...more

Recent Dental Benefit Provider Data Breach Highlights Legal Risks and Need for Proactive Mitigation

Benesch on 6/8/2023

Data Breaches risk legal consequences—both from state and federal governments and consumers, as well as reputational harm. Last month, MCNA—a dental benefit provider—provided notice of a data breach that exposed the...more

What is a Data Breach? (And How Vulnerable is Your Business?)

Woodruff Sawyer on 3/20/2023

The landscape for preventing, responding to, and avoiding the fines and other costs associated with data breaches has changed in the last three years. Since the beginning of the pandemic, data breaches have been on the rise...more

Data Breaches Often Start with Insecure Authentication

Woodruff Sawyer on 2/10/2023

In today’s modern and often hybrid workplace, there is no magic bullet for preventing data breaches—they can come from a variety of angles and thus require a vigilant, multifaceted approach. Implementing a wide-reaching...more

Cybersecurity Insurance and Managing Risk: 10 Things to Know

Orrick, Herrington & Sutcliffe LLP on 10/10/2022

The number of cybersecurity incidents continues to increase, with the average cost of a data breach in 2022 reaching an all-time high of $4.35 million, up from $3.86 million in 2020. In addition to the increasing number of...more

Non-Profit Organizations Can Reduce Risks by Addressing Data Privacy Concerns in Advance

Partridge Snow & Hahn LLP on 8/31/2022

With the threat of cyber-attacks making the news, it is a good time for all non-profit organizations to review their policies and procedures with respect to data privacy. Many non-profit organizations are particularly...more

Scams and Viruses: Which Email Attachments Are Safe to Open?

Woodruff Sawyer on 8/26/2022

Email scams and viruses are nothing new—threats like phishing emails and malware have been around since the days when services like AOL still dominated the internet and email landscape. However, while technology has made a...more

Using Multi-Factor Authentication as a Prerequisite to Cyber Liability Coverage

Farella Braun + Martel LLP on 8/12/2022

Multi-factor authentication (MFA) is more than an annoying popup or text message when logging onto a company’s website or platform. Not only is using MFA a sound security practice and good business, it is frequently becoming...more

Cybersecurity Basics Are Key to Combating Ransomware

Bradley Arant Boult Cummings LLP on 6/30/2022

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

SOC Reports Provide Critical Insights on Vendor Data Security Practices

Esquire Deposition Solutions, LLC on 6/2/2022

I’ve written several times during the past year about the importance of information security for legal professionals. Mitigating the threat of unauthorized access to client confidential information is one of the most...more

Nation-State Cyber Attacks and Insurance Response: Revisiting the War Exclusion

Woodruff Sawyer on 5/25/2022

The Russian invasion of Ukraine has prompted renewed concerns from many cyber insurance policyholders as to the insurability of nation-state sponsored cyber attacks. In a previous Woodruff Sawyer blog post, we have outlined...more

How to Avoid the Most Common Causes of Cybersecurity Incidents

J.S. Held on 4/29/2022

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

[Webinar] Cybersecurity Basics for Legal Practitioners - April 19th, 1:00 pm - 2:00 pm EDT

Association of Certified E-Discovery... on 4/5/2022

Join us for a webinar on basic cyber information regarding data protection, data privacy, cybersecurity requirements PII and Sensitive PII, cybersecurity requirements for Third Party vendors, Cyber insurance in the age of...more

Safeguards in New National Network Include Insurance, App Mandates, Cybersecurity Council

Health Care Compliance Association (HCCA) on 2/14/2022

Report on Patient Privacy 22, no. 2 (February, 2022) - The new national health information network calls for a number of privacy and security safeguards and standards that, in some instances, exceed what HIPAA covered...more

Rethinking Your Cyber Insurance Needs as Your Workplace Evolves

Brooks Pierce on 1/31/2022

The past 20 months have created a lot of transitions in how people work. Some companies still have the majority of their employees working remotely and intend to keep it that way permanently. Other businesses have tried to...more

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

Lowenstein Sandler LLP on 1/20/2022

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...more

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

Woodruff Sawyer on 1/19/2022

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

Ransomware Case Signifies Shift In Cyber Insurers' Stance

Lowenstein Sandler LLP on 11/16/2021

Ransomware attacks are on the rise. Lax security measures, which have become more acute in the work-from-home environment, continue to be exploited. Companies' systems are hacked into, their data is encrypted, and they face...more

[Webinar] Cyber Insurance for the Cannabis Industry - June 1st, 10:00 am - 11:00 am PT

Farella Braun + Martel LLP on 5/19/2021

Cannabis businesses have cyber security and privacy risks. While the risks are varied, many arise from the businesses’ holding of highly sensitive consumer information or confidential data about business partners. Cannabis...more

New Federal Tools Can Help Private Sector Protect Trade Secrets From Cyberattacks – And May Soon Require Reporting

Fisher Phillips on 4/5/2021

Cybersecurity was undoubtably on the forefront of the agenda for many organizations in 2020 – and 2021 should be no different. The rapid shift to remote work over the past year has led to an increased number of cybersecurity...more

Nota Bene Episode 114: The New Global Business of Cyberattack, from Ransomware to a Now-Ubiquitous State of Breach with Kari...

Sheppard Mullin Richter & Hampton LLP on 3/23/2021

Cyberattacks have become big business, from the standpoint of both the attackers and attorneys pursuing liability compensation from corporate attack victims. Threat actors range well beyond hacker cults of old, now including...more

Don’t let Cyber Insurance be Your Cybersecurity Plan

Stoel Rives - Global Privacy & Security Blog® on 2/25/2021

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

The Diligence Process for Privacy and Data Security: Telltale Indicators of a Data Program’s Strengths and Weaknesses

Kramer Levin Naftalis & Frankel LLP on 12/30/2020

The rapid expansion of data security and privacy laws and regulations — both in the United States and internationally — harbors the potential for substantial liability, with the consequence that cyber compliance has become an...more

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