Less than 24 hours after the Islamic State in Iraq and Syria (ISIS) killed more than 100 people in Paris, the hacking group Anonymous used an unverified video declaring war on ISIS. In a video posted to YouTube, an Anonymous… Continue Reading →
The Federal Communications Commission (FCC) recently fined Cox Communications, Inc. (Cox) $595,000 for failing to properly protect its customers’ personal information related to a 2014 data breach. In the November 5, 2015, FCC order, the FCC stressed the importance of… Continue Reading →
It has become clear that a data breach of personal information protected by a statute or other legal framework, or “regulated data,” can have significant consequences if the proper safegaurds are not put in place. However, with cybersecurity threats constantly evolving,… Continue Reading →
The September 25, 2015 American Economy Ins. Co. v. Aspen Way Enter. decision provides another example of new technology causing problems under traditional insurance policies. The insured in this case, Aspen Way, is a franchise of Aaron’s Inc., which operates “rent-to-own”… Continue Reading →
Todd M. Rowe authored the article, “Insurers and Policyholders Face Confusion in the Cyber Marketplace,” for the Fall 2015 edition of the American Bar Association’s TortSource. In an effort to address an audience that has extensive knowledge of the insurance… Continue Reading →
While large cyber attacks and data breaches may get the headlines, a recent study prepared by the Ponemon Institute and Hewlett-Packard and a recent criminal conviction of a Los Angeles Times reporter that disclosed corporate passwords on a hacker website serve… Continue Reading →
As the East Coast closely watches meteorologists’ models and predictions to prepare for Hurricane Joaquin, it may be a good time to consider the role of using statistics and models to predict the next data breach. A recent study entitled… Continue Reading →
On September 15, 2015, Bitpay, Inc. filed a lawsuit against its insurer, Massachusetts Bay Insurance Company, related to a hack at the company that resulted in an unauthorized transfer of bitcoin valued at more than $1.8 million. In its Complaint… Continue Reading →
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 →
The Washington Post reports that on September 10, 2015, Sarah Bloom Raskin, Deputy U.S. Treasury Secretary, spoke on the vital role insurers play in cybersecurity. While recognizing that legislatures are struggling to pass regulations, Bloom stated that “insurers can move… Continue Reading →
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