A recent Report entitled Risk Nexus prepared as part of a partnership between Zurich Insurance Group and the Atlantic Council examines the potential “economic benefits and costs” caused by cybersecurity on the global economy in the future. Specifically, this report… Continue Reading →
Last year, there were a number of high profile breaches—earning 2014 the “Year of the Breach” tag. This year is seeing the fallout, as many of these breaches have resulted in significant litigation. For example, the Home Depot breach in April… Continue Reading →
Local governments are increasingly joining the list of smaller targets sought out by hackers as they come to the harsh realization that cybersecurity is not an issue that only plagues large retailers and financial institutions. Unfortunately, a number of local and… Continue Reading →
In First Commonwealth Bank v. St. Paul Mercury Ins. Co., No. 2:14-cv-00019-MPK (W.D. Pa.), St. Paul, the insurer for a bank, First Commonwealth, filed a motion to dismiss First Commonwealth’s breach of contract claim which sought coverage under a professional liability… Continue Reading →
We are starting to see insurance coverage litigation related to the data breach this summer at P.F. Chang’s restaurants. On October 2, 2014, Travelers filed a lawsuit in the District Court of Connecticut seeking a declaration that it has no duty to defend… Continue Reading →
We are still in the early stages of insurance coverage for cyberliability and data breaches. While there may be no question that cyberliability does not trigger CGL insurance as “bodily injury” or “property damage,” a court may face questions of… Continue Reading →
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