Videocast: Scott Godes and Richard Bortnick Face Off On: Cyber Insurance for Data Breaches and Advertising Injury, and Defining Publication

Two highly experienced insurance coverage attorneys - Scott Godes of Dickstein Shapiro and Richard Bortnick of Cozen O'Connor - faced off during the "NetDiligence Cyber Risk & Privacy Liability Forum" held in Philadelphia on June 7 and 8, 2010. Hear what they had to say about coverage...

Overview of New Appleman Insurance Law Practice Guide, Chapter 45: Understanding Cyber Insurance Liability Coverage

45.01 Scope. The computer and the internet have reshaped how we communicate, live and work. The internet’s ability to collapse time and distance at minimal costs has made it the preferred method of communication. New words, such as blog, Skype, IM, Facebook, and twitter, continually emerge to describe...

Coverage for Cyber Risks

By Louis A. Chiafullo and Brett D. Kahn, Attorneys, McCarter & English, LLP In their article appearing in the May/June 2011 issue of Coverage , "Coverage for Cyber Risks," Louis Chiafullo and Brett Kahn first observe that the costs arising from data breaches are escalating exponentially...

Public Companies Must Disclose Cyber-Liability Risks

By Rene Siemens and David Beck , Attorneys, Pillsbury Winthrop Shaw Pittman LLP If you thought you did not need cyber insurance before, Uncle Sam may cause you to think otherwise. On October 13, 2011, the Securities and Exchange Commission ("SEC") Division of Corporation Finance issued...

Siemens and Beck on Obtaining Optimal Cyber Insurance

By Rene Siemens and David Beck , Attorneys, Pillsbury Winthrop Shaw Pittman LLP This commentary observes that the rising threat of cyber attacks and data breaches as well as the proliferation of data security and privacy laws have made it more important than ever for organizations that handle sensitive...

How to Negotiate Cyber Insurance

By Rene Siemens and David Beck , Attorneys, Pillsbury Winthrop Shaw Pittman LLP This article previously appeared in Risk Management magazine. Exposure to network and data security breaches has grown exponentially in recent years and the market for insurance tailored to cover this risk has...

Farella Braun + Martel LLP: Protect Your Business With Cyber Liability Coverage

By Amanda Hairston, Senior Associate, Farella Braun + Martel LLP Many insurers are now offering "cyber liability" or "cyber risk" policies designed to protect policyholders against electronic injuries that policyholders may either suffer themselves or cause to others. Most of these...

Smaller Companies Should Consider Cyber-Liability Insurance

By Kevin M. LaCroix, Esq., Executive Vice President, OakBridge Insurance Services Smaller companies increasingly are the subject of data breaches and those smaller companies "are the number-one target of cyber-espionage attackers," according to a recent study detailed in a April 24, 2013...

More On ISO’s Just-Filed CGL Data Breach Exclusions

As discussed in the Late-r Notice column in the last issue of Coverage Opinions , there has been much chatter of late about insurance for losses that a business sustains from cyber liability – especially data breaches. Think of a computer network that has been hacked or somehow failed, with the...

The Target Data Breach: Some Preliminary Thoughts On Coverage; The Great Connecticut Coincidence; And The Real Insurance Impact

So far the focus of the Target data breach has been on its scope, how it may have happened, Target’s response and the various types of financial havoc that it could cause for the nation’s second largest retailer. But no doubt it won’t be long before insurance coverage becomes a front...

Mitigating Cyber Risk: Strategies to Reduce Exposure

By Tyler Gerking It’s official—cybersecurity is now a top-ranked risk at the board level, according to the “ Lloyds Risk Index 2013 .” This should make digital risk a focus of senior corporate management. Those managing corporate risk should leverage the emerging cyber...

Insurance Coverage for Data Breaches - What Every Business Needs to Know

By Michael R. Kelley . According to FBI Director Robert Mueller, "there are only two types of companies: those that have been hacked and those that will be…." Computer hackers stealing our personal information (social security numbers, bank accounts, addresses and phone numbers...