Archives: Cyber Insurance

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Two Court Rulings Show Coverage Difficulties for “Fake President” Fraud

A few weeks back, the Insurance Recovery report posted a blog about the difficulty obtaining insurance coverage for “fake president” fraud, which is also known as business e-mail compromise, or social engineering fraud.   Two courts have recently reached opposite holdings on this exact topic, which highlight the difficulty policyholders face when they have been victimized by … Continue Reading

The Remedy for the New Cyber Threat Posing Major Coverage Problems: “Fake President” E-mails

In the last few weeks, we have seen yet another widespread ransomware attack that hit nearly one hundred companies around the world.  It reminded me of a recent request from a client, made just after news broke of the WannaCry ransomware attacks, to review its insurance portfolio to confirm that it was covered for ransomware … Continue Reading

Cyber Insurance Becoming Increasingly Important to Transportation Industries

Nossaman Infrastructure Partner, Donna Brady, just published a blog about the need for cyber insurance for those in the transportation industry in light of the increasing use of intelligent transportation systems.  A department of transportation might not be the first thing that pops into your head when you think of data breaches, but anyone connected … Continue Reading

Purchasing Cyber Insurance? Important Considerations from the Recent Nossaman/UCI Cyber Symposium

On October 12, 2015, Nossaman and UC Irvine hosted a Cyber Symposium at the City Club in Los Angeles.  The event included four panels of Nossaman lawyers, UCI professors, and private professionals who are experts in the areas of privacy and data security.  I served on an insurance panel that discussed concerns when securing insurance … Continue Reading

Insurers Pay to Avoid a Precedent Finding CGL Coverage for a Cyberbreach – the Zurich v. Sony Settlement

It was reported today that the widely-watched data breach case, Zurich American Ins. Co., et al  v. Sony Corp. of America (N.Y. Sup. Ct. Feb. 21, 2014), has been settled before the New York appellate court could issue an opinion.  While this might be good news for Sony, it is bad news for policyholders because … Continue Reading