Category Archives: Cloud computing

Rodd Zolkos and Bill Kenealy quote me in their article, “Target tested by holiday credit card data breach.”

Credit card readerRodd Zolkos And Bill Kenealy wrote an article for Business Insurance discussing the alleged data breach that Target Corporation suffered in late 2013, titled, “Target tested by holiday credit card data breach.”

The lede is:

The Target Corp. data breach that exposed 40 million shoppers’ debit and credit card account information has caused lawsuits, state and federal investigations and potential company reputation damage, while raising fresh concerns among other businesses about the worsening risk of cyber attacks.

Rodd and Bill were kind enough to quote me in the piece.  I discuss risk management, cyber security, and insurance coverage for cyber risks.  You may have to register with Business Insurance to see that part of the article.  Other people who work on cyber security and cyber risk questions were cited in the piece as well, and contain comments as to whether PCI-DSS certification, and certification as being PCI compliant, can prevent all cyber attacks and data breaches.

The article has interesting points for risk managers, in house counsel, compliance, and IT personnel.  Please click on over and read the entire piece.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2014.

Please join me for: “Cyber Security Liability and Privacy: When a Breach Happens.”

cybersecurityI’m excited to present on cybersecurity and insurance coverage issues to emerging growth companies at a live seminar on Thursday, November 7, 2013, from 8:30 am to 10:30 am.  It will be at bwtech@UMBC North : 5520 Research Park Dr, St 110, Baltimore, MD 21228.  The seminar is:

 

Cyber Security Liability and Privacy: When a Breach Happens

CYBERInnovation Briefings

Here are the details from the website announcement:


Cyber Security Liability and Privacy: When a Breach Happens – Who’s Liable, Who’s Responsible

As cyber attacks plague critical infrastructure, financial institutions, and the federal government, liability and privacy remains a growing concern. With losses mounting and sensitive information being leaked several questions remain unanswered – who’s liable, who’s responsible, what are enterprises doing to protect their customers?

We’ll discuss cyber security liability, privacy, and insurance issues.  We’ll also explore some of the basic coverages offered under insurance policies for cyber and privacy risks, provide details on claims that have been covered, discuss the costs for these insurance products, provide an overview of data breach claims and litigation, cyber forensics, and more.

My panel will include:

Event Info
event type Workshop/Training
posted October 16, 2013
sponsor bwtech@UMBC
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Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2013.

Note:  as a speaker at the conference, I will not be charged a fee to attend the conference.

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Join me for ACI’s 7th Cyber & Data Risk Insurance Conference!

cybersecurityAre you looking for a conference discussing insurance coverage for cyber and data risk issues, “that provides the highest level insights on advancements in technology, products, pricing, coverage options, prevention strategies and more”? And do you want a conference that gives you the chance to earn CLE credit while hearing from “enforcement and regulatory initiatives straight from the federal and state agencies“?  Of course you do.  Then you should join me for the American Conference Institute 7th Cyber & Data Risk Insurance conference.

Here are some introductory details:

Cyber & Data Risk Insurance

Monday, September 30 to Tuesday, October 01, 2013
In response to new risks and exposures, American Conference Institute has developed the 7th installment of its lauded Cyber & Data Risk Insurance conference. A September tradition in NYC, join us to hear from a highly regarded faculty including the FTC, DOJ, SEC, FDIC, various state AG offices, as well as the industry’s leaders from around the country. Each year the event has grown in scope and size and this year the agenda is brimming with cutting edge topics and new additions to the faculty. This is the “go to” event where you can learn about advancements in technology, products, pricing, coverage options, prevention strategies and more.

Hear and network with the industry leaders about the right coverage options for your company and how you can protect data from financial and reputational loss. Compare products, and learn about pricing policies and new exposures to risk in this ever growing industry. Whether you are an insurance agent, broker, risk adjuster, claims manager, and/or counsel you will walk away from the conference with invaluable information that you can use in your practice right away.

My panel will be:

September 30, 2013, 9:35 am Eastern

State of the Market: New Exposures, Coverage Options, Claim Trends and Risk Evaluation, Pricing and Selling, and What Policyholders Should Now Be Looking for in a Policy

Graeme Newman
Marketing Director
CFC Underwriting

Adam Sills
Vice President
Allied World National Assurance Company

Scott N. Godes
Partner
Barnes & Thornburg LLP

Erica Davis
Vice President – Senior Advisory Specialist
Underwriting Manager
Zurich North America, Specialty E&O

Scott Kannry
Vice President
Financial Services Group | Professional Risk Solutions
AON

Maria Treglia
Chief Sales Officer, SVP-Professional Liability
Program Brokerage Corp.

New Exposures & Coverage Options

  • How has the market evolved and how have forms changed in the last 12 months?
  • Where will the coverage head in the next 12 months and what are the most significant issues that need to be addressed?
  • Network security and privacy policies: how they are changing and what are the different carrier approaches

Insurance and Policy Forms

  • Examining the issue of lack of uniform forms
  • How more forms are offering built in media liability exposure What Policyholders Are and Should be Looking For in a Cyber Policy
  • What liability and fi rst-party coverages are desirable?
  • Identifying and understanding pitfalls in coverage
  • Reasons companies have or have not bought coverage
  • How standards are evolving in response to new technology threats
  • Consumer redress: when is it covered and when not?
  • Filling in the coverage gap: Understanding the disconnect in what is purchased and what is actually covered

Key Considerations for Cyber Liability Coverage

  • Understanding of the products and their variety in the market
  • What is the effect of expanded risk on insurance coverage?
  • Evaluating risk and how the clients wants to proceed
  • Clarifying confusion as to whether a cyber liability product should be stand alone or better built as an existing product or endorsement

Pricing, Selling and Marketing Cyber Risk Policies

  • Pricing of network security and privacy policies
  • Examining the competitive marketplace and how various types of coverage are formulated and priced
  • Where do brokers see the coverage going and what are the most significant issues that need to be addressed?
  • Tailoring the product to accommodate a buyer’s needs: privacy issues; media exposures; cyber crime; security breaches
  • Marketing and selling coverage

Please register here:
Register Now

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2013.

Note:  as a speaker at the conference, I will not be charged a fee to attend the remainder of the conference.

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Please check out my VentureBeat article, “Risky business: How cloud tech & mobile workers add up to an insurance nightmare”

Cloud Computing on TabletVentureBeat recently published an article that I wrote regarding the cloud and insurance coverage for cloud-based risks.  I discuss the rise of cloud computing within the enterprise, including the use of personal cloud providers by employees that bring their own device (BYOD), potential risks related to the cloud, and insurance coverage for cloud-based risks.  I discuss whether and what types of insurance policies might cover cloud-based risks.  I also give tips on what companies should consider when purchasing insurance policies for cloud-related risks.

If you are interested in reading the entire article, please click here.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2013.

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Matt Dunning quotes me in his article, “Risk management strategy must be in place before moving data to the cloud.”

Cloud computingMatt Dunning wrote an article for Business Insurance discussing potential risks and risk management techniques that companies consider when making the move to the cloud.

The lede is:

Companies using cloud computing to supplement or replace in-house data storage systems without a cohesive risk management strategy can expose themselves to substantial financial losses and reputational harm, cyber risk experts say.

Matt was kind enough to quote me in the piece.  I discuss insurance coverage for the cloud and cloud-based risks.  You may have to register with Business Insurance to see that part of the article.

The article has interesting points for risk managers, as well as compliance and IT personnel that are considering moving data, software, operations, or more to the cloud.  Please click on over and read the entire piece.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2013.  As a presenter at the conference for Business Insurance, I was not be charged a fee to attend the meeting.

Matt Dunning quotes me in “Cloud-based storage greatly increases cyber security exposures: Panel.”

2013 Risk Management SummitThis week, I was a speaker at the Business Insurance Risk Management Summit. My session addressed cloud computing issues.  Here’s the write up from the agenda:

Cloud Computing — Cloud computing offers opportunities for efficiency and cost savings but can introduce a host of risks in areas such as information security, reputation, business interruption, jurisdictional issues and regulation and compliance. This session will focus on the nature of the exposures associated with cloud computing services and how to address the risks looking at such mitigation areas as risk management, contractual issues and insurance coverage options.

Matt Dunning wrote an article that details the tips that our panel, and the prior presenter, Emily Cummins, gave to risk managers regarding cloud computing.  We summarized the risks and opportunities related to the cloud, and gave takeaways that could be put to use after the conference ended.  Matt quoted me in the piece:

Panelists said that while reported incidents of cloud-based data breaches have been scarce among manufacturers, software companies, communications firms and financial institutions, risk managers should not assume the technology can be implemented easily or without thorough risk analyses and data security control tests.

“There may have only been a few breaches so far, but risk managers have jobs and attorneys have jobs because the world continues to change,” said Scott Godes, a Washington-based attorney [formerly] at Dickstein Shapiro L.L.P.

The article has helpful pointers for risk managers considering moving their data, applications, or infrastructure to the cloud.  Be sure to click on over and read the entire piece.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2013.  As a presenter, I was not be charged a fee to attend the meeting.

Please join me for the March 5 and 6, 2013 Business Insurance Risk Management Summit.

2013 Risk Management SummitI am happy to announce that I will be a speaker at the Business Insurance Risk Management Summit, March 5 & 6, 2013.  It will be held at the Westin Grand Central in New York City. I hope that you will join me for this exciting event.

The two day conference is designed to serve the information and networking needs of senior risk managers from the largest US and Global companies.

As Business Insurance explains:

The annual Risk Management Summit, now in it its fourth year, provides attendees with focused insight via specific, timely general sessions and strategic, thought-provoking discussions with peers and industry leaders.

My session, from 2:30 – 3:30 pm on March 5, will address cloud computing issues.  Here’s the write up from the agenda:

Cloud Computing — Cloud computing offers opportunities for efficiency and cost savings but can introduce a host of risks in areas such as information security, reputation, business interruption, jurisdictional issues and regulation and compliance. This session will focus on the nature of the exposures associated with cloud computing services and how to address the risks looking at such mitigation areas as risk management, contractual issues and insurance coverage options.

Please be sure to join us!  Registration for the Risk Management Summit is now open.  If you are a Risk Manager at a Fortune 1000 or higher company, a former Business Insurance Risk Manager of the Year, a former Business Insurance Risk Manager of the Year Honor Roll member, or a Risk Executive at a privately-held company with revenues in excess of $2.5 billion, please register for the Summit here.  Additional registration categories are available, please review the information provided in the Registration Link to see if you qualify.

Disclaimer:

This blog is for informational purposes only. This may be considered attorney advertising in some states. The opinions on this blog do not necessarily reflect those of the author’s law firm and/or the author’s past and/or present clients. By reading it, no attorney-client relationship is formed. If you want legal advice, please retain an attorney licensed in your jurisdiction. The opinions expressed here belong only the individual contributor(s). © All rights reserved. 2013.  As a presenter, I will not be charged a fee to attend the meeting.

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