News & Analysis as of

Cyber Attacks Risk Assessment Cyber Insurance

Downs Rachlin Martin PLLC

Data Breach Preparedness: Protecting Your Organization Before, During and After a Cyber Incident

There’s an “old saying” when it comes to data breaches:  it’s not whether your organization will face a potential data breach, but when. So, given the inevitability of a data breach, it only makes sense to prepare. As a data...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

Butler Snow LLP

Cybersecurity: What Businesses Need to Know

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Cybersecurity is a top concern for all industries, particularly for the pharmaceutical and medical device industries. These industries hold some of the most sensitive data and highly valuable technology, making them prime...more

Levenfeld Pearlstein, LLC

Two Fundamental Shifts in the New “National Cybersecurity Strategy”

In March 2023, the Office of the National Cyber Director released the public version of the National Cybersecurity Strategy, which provides strategic guidance for how the U.S. should protect internet users from cyberattacks...more

Ankura

The Cybersecurity Insurance Market: What to Expect in 2023

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In recent years, especially through 2019 and 2020, the cyber insurance market in the U.S. has seen significant growth. Middle-market companies have been actively requesting cyber insurance policies with low rates and broad...more

Rivkin Radler LLP

DFS Provides Framework For Cybersecurity Risk

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On February 4, 2021, New York’s Department of Financial Services (DFS) issued Insurance Circular Letter No. 2, which builds on the robust cybersecurity regulation provided in its 2017 Cybersecurity Regulation (23 NYCRR 500)....more

Lowenstein Sandler LLP

What Actions Should Companies Take to Secure Cyber Insurance Coverage for Losses Related to Cyber Incidents in the COVID-19...

As companies scramble to respond to the COVID-19 pandemic, one area that may not, but should, be on their radar is the terms and coverage provided by their cyber insurance policies. Certainly COVID-19 is not a computer virus,...more

Eversheds Sutherland (US) LLP

Cybersecurity and coronavirus - Guarding against hackers in this heightened risk environment 

Many general counsels, as well as their privacy and cybersecurity teams, are understandably focused on their company’s coronavirus safety measures - and that is good news to the hackers. Hackers thrive amidst confusion and...more

Snell & Wilmer

Cybersecurity on Your Project: Why Not Follow National Security Strategy?

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In its recent Cybersecurity Strategy, the U.S. Department of Homeland Security (DHS) defined “cyberspace” as “the independent network of information technology infrastructure, including the Internet, telecommunications...more

Womble Bond Dickinson

Response Options For Businesses With Sensitive Data Breaches

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Your heart raced when the caller on the phone identified himself as an FBI agent. But the conversation was matter-of-fact. About 2,500 sets of credit card information from your clients had been posted for sale on a...more

Blank Rome LLP

Cybersecurity, Cyber Insurance: What Fund Directors Need to Know

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Cyberattacks are attempts by hackers to damage, destroy and/or steal data from a computer network or system. From 2013 to 2015, more than 153.6 million people had information stolen in cyberattacks involving companies such as...more

Goodwin

2016: The Year of Cyber Insurance?

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It has been said that there are two types of companies in the world – those that have been hacked, and those that do not yet know they have been hacked. While perhaps an overstatement, it seems that every day, another company...more

Farella Braun + Martel LLP

Cyber Attacks on Infrastructure are Increasing: Review Your Insurance As “Internet Of Things” Risks Grow and Change

In the December post Systemic Cyber Risks And The Internet of Things, we wrote about the increasing risk of cyber attacks on infrastructure and consumer products, and related insurance issues. We noted in that post that,...more

King & Spalding

Skirmishes Along The Cyber Coverage Frontier: Hotel Monteleone And Lloyd’s Of London Fight Over PCI-Related Losses After Data...

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While the market for specialty cyber insurance policies has heated up considerably over the past few years, a good deal of uncertainty still affects the market as the scope of these newly-minted policy provisions remains...more

Farella Braun + Martel LLP

Cybersecurity and Data Breaches: How In-House Counsel Can Engage the Board

A company's board of directors has a duty to oversee all aspects of the company's risk management efforts. This includes a duty to recognize and minimize the company's exposure to cyber attacks. In today's increasingly...more

Perkins Coie

SEC’s Increased Cybersecurity Enforcement and How to Reduce Your Risks

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The SEC announced last week that an investment adviser had agreed to settle charges that it failed to take required steps to protect against and respond effectively to a cybersecurity breach. The action comes on the heels of...more

Troutman Pepper Locke

Privacy & Cybersecurity Newsletter: International Edition July 2015

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Retail Tracking Update: Privacy Guidance Following Nomi Technologies - There is currently a widespread effort to quantify everything, from steps, to sleep, to batted ball exit velocity. Fifteen years ago, TV host Jeremy...more

Hinshaw & Culbertson LLP

Sizing Up Cyber Risks after the Sony Breach

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Sony’s most recent data breach underscores the difficulties in underwriting and insuring cyber risk. Sony incurred losses that were surprising in both their scope and type. The company already is a defendant in at least four...more

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