Recently, Syed Ahmad, a partner with Hunton & Williams LLP’s insurance practice, and Eileen Garczynski, partner at insurance brokerage Ames & Gough, co-authored an article, Protecting Company Assets with Cyber Liability Insurance, in Mealey’s Data Privacy Law Report. This blog post contains a link to the full article.
Continue Reading Hunton Discusses Critical Cyber Coverage Selection Issues

Earlier this week, retailer Tesco Plc’s banking branch reported that approximately 3 million dollars had been stolen from 9,000 customer bank accounts over the weekend in what cyber experts said was the first mass hacking of accounts at a western bank.
Continue Reading Tesco Bank Hack Illustrates Need for Robust Cyber Insurance

On October 25, 2016, the Federal Trade Commission released a guide for businesses on how to handle and respond to data breaches. The 16-page guide details steps businesses should take once they become aware of a potential breach. The guide also underscores the need for cyber-specific insurance to help offset potentially significant response costs.
Continue Reading FTC Issues Guide for Businesses on Handling Data Breaches

A panel of the Fourth Circuit confirmed that general liability insurance policies can afford coverage for cyber-related liabilities, and ruled that an insurer had to pay attorneys’ fees to defend the policyholder in class action litigation in Travelers Indemnity Company v. Portal Healthcare Solutions, No. 14-1944.
Continue Reading If a Data Breach Occurs and Nobody Accesses Customer Data, Does it Constitute “Publication”?

In a webinar hosted by Hunton & Williams LLP and CT, Hunton & Williams partners Lon Berk and Lisa Sotto discuss current cyber threats and educate companies on how to take full advantage of their existing insurance programs and specialized cyber insurance products to effectively and proactively address cyber risks.
Continue Reading Cyber Insurance: Addressing Your Risks and Liabilities

On December 10, 2014, the New York State Department of Financial Services announced that it issued an industry guidance letter to all Department-regulated banking institutions announcing the Department’s plans to expand its information technology examination procedures to increase focus on cybersecurity.
Continue Reading New York Banking Regulator Announces New Cybersecurity Assessment Process