Tag Archives: Cyberattack

Please check out: “Will Insurance Cover Target’s $19 Million MasterCard Settlement?”

Phishing -Credit card data theftI wrote a post that discusses card brand liabilities – the demands from payment card brands and payment card processors after a data breach of credit card and debit card numbers – and getting cyberinsurance to cover those liabilities.  The post discusses Target’s disclosure of a $19 million settlement with MasterCard for card brand liabilities and whether Target’s cyberinsurance might cover the losses.

You can find the post on my firm‘s insurance recovery and insurance coverage blog, the BT Policyholder Protection Blog. My future insurance-related posts will be found there.

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Please join me for “2014 Year in Review: A National Insurance Recovery Webinar”

free webinarAs noted previously here, at Barnes & Thornburg LLP‘s Policyholder Protection blog, I welcome you to mark your calendar and join us for a national insurance recovery webinar on Tuesday, Jan. 27 at 3 p.m. (Eastern). The Barnes & Thornburg insurance recovery attorneys will review 2014’s major legal developments and trends in insurance coverage and recovery. You will learn more about how the events of the past year affected:

  • Directors and Officers (D&O) coverage
  • Excess umbrella liability coverage
  • Coverage for business torts and consumer false advertising claims
  • Coverage for environmental contamination claims
  • Cyber liability and data breach

 

You won’t want to miss this lively discussion of some of 2014’s most important developments for policyholders. Webinar access and dial-in information will be delivered upon registration.

 

Register today!

 

2.0 General CLE Credits Pending for CA, GA, IL, IN, MD, MN, OH, PA

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. 2015.

Please check out: “If Your System Was Attacked By ‘Backoff’ Malware, Would Your Insurance Cover A Data Breach Involving Credit Card Numbers?”

binary code and computer monitorsI wrote a post that discusses the disclosure of so-called “Backoff” malware by the Department of Homeland Security. I also discuss and how insurance might apply to retailers and card processors facing a data privacy incident (or a data breach) with allegedly exposed credit cards, debit cards, and payment cards in general as a result of a Backoff malware attack.

You can find the post on my firm‘s insurance recovery and insurance coverage blog, the BT Policyholder Protection Blog. My future insurance-related posts will be found there.

Please check out: “Scott Godes Interview Featured in, ‘If Attorney Needed to Explain Cyber Coverage, the Policy Is Not Clear.'”

binary code and computer monitorsI wrote a post that discusses an interview I recently gave for an Advisen article regarding cyber risk and cyberinsurance.

You can find the post on my firm’s new blog, the BT Policyholder Protection Blog.  My future insurance-related posts will be found there.

Please check out: “Increasing data breach costs should lead to a review of insurance policies and vendor contracts.”

binary code and computer monitorsI wrote a post that discusses increasing data breach costs, as discussed in the latest Ponemon Institute report, and gives some tips regarding risk management, insurance coverage, and vendor contracts, in light of this expanding and changing risk.

You can find the post on my firm’s new blog, the BT Policyholder Protection Blog.  My future insurance-related posts will be found there.

Join me at the NetDiligence Cyber Risk & Privacy Liability Forum June 11-13, 2014.

 

Looking to attend a great conference where you can learn about cyber risks, cyberinsurance, data breaches, data privacy, cyberattacks, and more? HB Litigation ConferencesThen you should join me for the NetDiligence® Cyber Risk & Privacy Liability Forum.  Hosted by HB Litigation Conferences, it will take place June 11-13, 2014 at the Hyatt at the Bellevue, Philadelphia, PA.

The event will be chaired by:

  • Robert Jones, AIG
  • Paul Miskovich, Axis Pro
  • Jennifer Rothstein, Kroll
  • Jim Giszczak, McDonald Hopkins
  • Tim Stapleton, Zurich
  • Risk Manager Liaison:  Darin Bielby, Navigant

You can find a PDF of the entire agenda by clicking here.

I’ll be a speaker on a panel discussing the “Crime Coverage & Cyber Insurance,” presenting at 9:00 am, Friday morning, June 13.  Our panel will discuss:

  • Coverage in common loss scenarios
  • Discussion of recent claims
  • Court decisions impacting coverage
  • Standard Crime & Cyber policy forms

Our panel and moderator will include:

Take a look at the full agenda by clicking here.  And you can register online by clicking 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. 2014.

Note:  as a speaker at the conference, I will not be charged a fee to attend the conference.
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Please check out: “5 Tips For Reviewing And Buying Cyberinsurance.”

Highway Signpost "Cyber Attack"Law360 published an article that I wrote with tips for buying and reviewing cyberinsurance, with special tips for retailers who are considering buying or reviewing cyberinsurance policies.

The article is “5 Tips for Reviewing and Buying Cyberinsurance.”  With the recent rash of cyberattacks, data breaches, and other incidents affecting retailers around the country, it is a good time to turn a careful eye to insurance for cyber and privacy risks.  After a privacy, cybersecurity, or data breach incident, retailers may face a host of issues as a result of those incidents.  The issues may include individual consumer claims, putative class actions, federal and state investigations and regulatory inquiries, and demands from banks, credit card brands, and/or credit card processors.

The introduction to the article reads:

It seems that the cybersecurity was all over the news in 2013, and in 2014, retailers cannot escape the potential of a data breach. In fact, it’s been reported that six further retailers may be suffering data breaches and cyberattacks, beyond the two big retailers that were in the news over the holiday season. If you already have forgotten about your personal New Year’s resolution, consider one for your business: understanding your insurance policies with a view toward coverage for cyber risks.

If you are interested in some take aways regarding your cyberinsurance program, including considerations relating to Payment Card Industry Council compliance (“PCI compliance”), account data compromise events (“ADC events”), case management fees, operational fraud demands, operational reimbursement demands, and more, please take a look at the entire article.  Please check out “5 Tips for Reviewing and Buying Cyberinsurance.”

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.

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