News & Analysis as of September 27, 2024

Cyber Insurance

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Cybersecurity in the Age of Industry 4.0 - Part 2

Foley & Lardner LLP on 9/20/2024

This is the second article in our two-part series on Cybersecurity in the Age of Industry 4.0, focusing on the legal implications and potential liabilities manufacturers face from cyberattacks, as well as practical...more

Recommendations for Managing Cybersecurity Threats in the Manufacturing Sector

Foley & Lardner LLP on 9/25/2023

In the hyper-connected era of smart manufacturing, accelerated by “Industry 4.0,” the manufacturing sector is undergoing a digital revolution. By leveraging technologies such as advanced automation, artificial intelligence,...more

Privacy & Cybersecurity Update - May 2023

Skadden, Arps, Slate, Meagher & Flom LLP on 6/5/2023

In this month’s Privacy & Cybersecurity Update, we review new consumer privacy laws in Tennessee and Indiana, three GDPR rulings by the Court of Justice of the European Union, updates regarding future California Privacy...more

Compliance and Insurance Needs Can Narrow Your MDR Search

Ankura on 4/25/2023

When it comes to protecting your organization from cyber threats, Managed Detection and Response (MDR) services are a must. But many businesses overlook the importance of compliance and insurance needs associated with...more

Top 10 for 2022 – Happy Data Privacy Day!

Jackson Lewis P.C. on 1/28/2022

In honor of Data Privacy Day, we provide the following “Top 10 for 2022.” While the list is by no means exhaustive, it does provide some hot topics for organizations to consider in 2022...more

Dechert’s Privacy & Cybersecurity Extended Forecast for 2022: Hot Today. Hotter Tomorrow!

Dechert LLP on 1/7/2022

Few things are certain, but it is indisputable that in 2022 data will remain big; data driven technologies will create unparalleled opportunity and risk; the frequency and sophistication of cyberattacks will shatter...more

Responding to the Kronos Cyber Attack – What Should Employers Be Thinking About?

Jackson Lewis P.C. on 12/14/2021

According to reports, Kronos, the cloud-based, HR management service provider, suffered a data incident involving ransomware affecting its information systems. Kronos communicated that it discovered the incident late on...more

Policyholder Best Practices As Cyberattacks Escalate

Flaster Greenberg PC on 9/4/2021

Cyberattacks are exploding. The coronavirus pandemic has further exposed cyber vulnerabilities due to remote work and the increasing use of underprotected devices. Ransomware attacks are increasingly becoming the cyberattack...more

Privacy & Cybersecurity Update - May 2020

Skadden, Arps, Slate, Meagher & Flom LLP on 6/1/2020

In this month's edition of our Privacy & Cybersecurity Update, we examine the Seventh Circuit's ruling finding standing for an Illinois Biometric Information Privacy Act claim, the European Data Protection Board's updated...more

Privacy and Data Security Alert l March 2020

Shook, Hardy & Bacon L.L.P. on 3/10/2020

Shook Weighs in on Updated CCPA Regulations - In response to extensive public comment, the California Attorney General’s office released modified draft regulations under the CCPA on February 7. Shook has provided initial...more

Artificial Intelligence v. General Data Protection Regulation: Complex Risks in Changing Times

Robins Kaplan LLP on 12/5/2019

Artificial Intelligence (“AI”) Is A Complicated Technology Developed With Data. This Saddles AI It With A Host Of Potential Privacy Regulations, Including Europe’s Data Protection Law, The General Data Protection Regulation...more

Announced GDPR Fine Against Marriott Raises Reporting and Coverage Implications

White and Williams LLP on 7/16/2019

Last week on July 9, 2019, the United Kingdom’s Information Commission Office (ICO) announced its intention to fine Marriott International £99.3 million (about $124 million), or 2.5% of Marriott’s worldwide annual revenue, in...more

Questions to Consider Asking Your Broker About Cyberliability Coverage

Robinson+Cole Data Privacy + Security Insider on 5/30/2019

One of the first questions we ask our clients when they call about a security incident is whether they have insurance that may cover the costs associated with investigating the incident, potential forensic analysis, and...more

Privacy & Cybersecurity Update - April 2019

Skadden, Arps, Slate, Meagher & Flom LLP on 5/1/2019

In this month's Privacy & Cybersecurity Update, we examine several recent U.K.-related cybersecurity developments and the SEC's risk alert reminding investment advisers and broker-dealers to follow through on implementing...more

OnRisk: What U.S. Policyholders Should Know About GDPR

K&L Gates LLP on 4/24/2019

In this episode of OnRisk, Lucas Tanglen and Jeff Meagher discuss the cyber insurance implications of the European Union’s new privacy regulation—the General Data Protection Regulation or GDPR. The GDPR, which took effect on...more

Cybersecurity And Data Breaches: You Must Take Steps Now To Avoid Personal And Company Loss

Buckingham, Doolittle & Burroughs, LLC on 2/25/2019

Unfortunately, no industry or business is immune from data security events. Nearly every business collects some form of personal information, whether it involves your employees, customers, vendors, or all of the above....more

Massive GDPR Fine Is a Wake-Up Call to Get Compliance and Cyber Insurance Squared Away

Pillsbury - Policyholder Pulse blog on 2/5/2019

Have $57 million (or more) to spare? You’re going to need it if you run afoul of the EU’s General Data Protection Regulation (GDPR) without cyber insurance. In late January 2019, the French data protection authority, CNIL,...more

GDPR's Potential Fines and Other Exposures Raise Cyber Insurance Coverage Questions

Jones Day on 11/9/2018

The Situation: The European Union's General Data Protection Regulation ("GDPR") has raised questions regarding the scope of coverage and protection afforded by current cyber policies, especially with respect to potential GDPR...more

Data Privacy + Cybersecurity Insider - September 2018 #4

Robinson & Cole LLP on 10/1/2018

The State of California is once again leading the way with trying to keep up with technology and protecting consumers. Senate Bill 327 requires Internet of Things (IoT) developers to implement “reasonable security features”...more

Will Insurance Provide Coverage for GDPR Fines?

Robinson+Cole Data Privacy + Security Insider on 10/1/2018

As many of our readers know, the General Data Protection Regulation (GDPR) imposes significant obligations and responsibilities on entities with regard to data protection and privacy for all individuals within the European...more

Your Cyber Insurance Policy May Not Cover GDPR Fines and Liabilities

Womble Bond Dickinson on 9/20/2018

You may be paying for cyber insurance that will not cover the most significant cyber risks faced by your business. Recent studies call into question whether a company can insure against the unprecedented huge fines for...more

Perspectives on Insurance Recovery - Summer 2018

Pillsbury Winthrop Shaw Pittman LLP on 9/6/2018

Expanding the Boundaries of Coverage in the Face of Evolving Risks - Advances in technology, social change, new regulations—developments like these challenge companies’ risk-mitigation efforts and insurance programs. As the...more

GDPR Is Finally Here: It’s Time to Make Sure Your Current Cyber Policy Will Protect against New Financial Exposures

Blank Rome LLP on 5/25/2018

The General Data Protection Regulation (“GDPR”) goes effective tomorrow. Companies are considering the consequences and attempting to determine whether they are compliant or how to get there, whatever “compliant” ultimately...more

Nutter Bank Report, April 2018

Nutter McClennen & Fish LLP on 4/27/2018

Treasury Report Recommends Changes to Community Reinvestment Act Rules - The U.S. Department of the Treasury has released a report recommending changes to the federal banking agencies’ rules that implement the Community...more

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