Please check out: “Cyberattacks and Insurance Coverage.”
The Policyholder Informer blog of the insurance coverage and insurance recovery practice of my former firm, Dickstein Shapiro LLP, is featuring a post that I co-authored with my former colleague Brian Finch. Brian is a partner and the practice leader for our firm‘s Global Security practice.
The post, which is found via the Internet Archive, is “Cyberattacks and Insurance Coverage.” The introduction to the post reads:
Most everyone agrees that the cyber threat is real at this point. The recent release of a report alleging that individuals in China engaged in a sustained campaign of cyberattacks against the United States only served to drive this point home. All of this information has naturally intensified the debate in Washington, DC on what to do regarding cybersecurity. Congress is continuing its years long back and forth about whether to impose regulations on sectors of the economy, and the White House has issued an Executive Order to create a voluntary program to encourage companies to practice better cybersecurity.
The post discusses risk management and the idea of threat elimination in the context of cybersecurity, as well as insurance coverage for cyberrisks. It provides a brief overview of the insurance marketplace for cyberinsurance and refers to recent decisions finding coverage for cyberrisks under other insurance policies, including a crime insurance policy with a computer fraud rider. Please check out the entire post by clicking here.
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It will be interesting to see how the insurance industry reacts with more and more threats of cyber attacks. Companies and individuals may end up having their own online insurance policies to hedge against potential future risk.
That or ensure there’s nothing “hackable” on your website or private intranet. That still doesn’t make your website immune.
Thanks for the post.