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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...

Just How Many Cyber Policies Are Floating Around Out There? (Not Nearly As Many As You Are Being Told)

Sometimes there are questions for which nobody knows the answer. And sometimes there are questions to which I know the answer but wish I didn’t – like how many Girl Scout Thin Mint cookies I ate last night. One question in the Tootsie Roll Tootsie Pop category is how wide-spread are 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...

Cyber Terrorism: A New Threat Against The Maritime Industry

By Dr. Rebekah Tanti-Dougall LL.B. LL.M. (IMLI) LL.D Maritime security is of utmost importance and the industry is constantly updating its security measures to ensure the safety and security of vessels and port facilities; however there is an insufficient consideration of cyber security in maritime...

DLA Piper Cybersecurity Law Alert: Hackers Steal 1.2 Billion Passwords – 4 Steps To Take Now

By Aravind Swaminathan and Tara McGraw Swaminatha | The New York Times reported this week that an organized Russian criminal group stole approximately 1.2 billion user name and password credentials associated with more than 500 million email addresses from hundreds of thousands of websites around...

Notable Insurance Coverage Rulings in the First Half of 2014

By Jonathan Hardin and Feola Odeyemi 2014 is shaping up to be a momentous year in insurance coverage law. State and federal courts have already issued several important coverage decisions this year that nevertheless may have slipped "under the radar." This commentary examines such key rulings...

Ballard Spahr LLP: Massive Hacking Operation Further Reveals Weakness Of Passwords

By the Privacy and Data Security Group A small private cybersecurity firm recently revealed that a Russian computer hacking organization amassed more than 1.2 billion username and password combinations. The data was collected across a wide swath of websites, from both large companies and small independent...

Peter S. Vogel: Cybercrime is Growth Industry Estimated to be as Much as $575 Billion

By Peter S. Vogel A recent report estimates that the ”cost of cybercrime includes the effect of hundreds of millions of people having their personal information stolen—incidents in the last year include more than 40 million people in the US, 54 million in Turkey, 20 million in Korea, 16...

Peter S. Vogel: Judge Allows Libel Suit Based on Google Autocomplete Search Results

By Peter S. Vogel A Hong Kong Judge disagreed with Google that Google’s Autocomplete may have created libeleous content and “cited Europe’s recent ‘right to be forgotten’ ruling requiring Google to remove embarrassing or outdated search results upon request” as...

Peter S. Vogel: Cybercrime is Getting Worse – 5 Reasons

By Peter S. Vogel On the heels of the recent report that cybercrime is a $575 billion growth industry , Infoworld pointed out “that amount of crime has persisted for a long time, well before the Internet.” The article included these 5 reasons why cybercrime is worse than ever : 1. Internet...

Peter S. Vogel: Cyber Rewards – A New Concept In Airline Mileage Reward Program?

By Peter S. Vogel According to the Washington Post United Airlines “had rewarded two people with 1 million free miles of air travel each for discovering and disclosing software defects through the airlines “bug bounty” program…. so named because it offers bounties for the...

Peter S. Vogel: Ransomware Alert: Client Data at Risk for Lawyers and Accountants!

By Peter S. Vogel The volume of Ransomware is increasing dramatically after malware is downloaded by unsuspecting employees “encrypts a user or company’s fi­les and forces them to pay a fee to the hacker in order to regain access to their own ­files.” KnowBe4 claims to be...