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There are plenty of data breach calculators out there for anyone to play with to see how bad a breach might be in terms of costs, but are they accurate? I think the answer is no, for a variety of reasons; so then the question is: what purpose do they serve? And why are there so many? Since they do not have the same results, how do we know which ones to trust?Read More »
This year at PLUS International there were more cyber related sessions than ever before as this increasingly becomes an area of focus for more underwriters. The session I was invited to speak at, Cyber Insurance 3.0 Cutting Edge Advancements in Coverage and Services, covered some of the changes to coverage including new product developments.Read More »
Last week saw the highest attendance ever at the Cyber Liability Forum in Marina Del Rey. It was a who’s who for Cyber insurance carriers, brokers, state regulators and a few vendors as well. There were many great sessions but I wanted to highlight a few of the take-a-ways that I had from the event.Read More »
There has not been a record breaking breach for a while now. Unless you consider the little issue that the NSA has in terms of dealing with their leak(s). I am referring to the rest of the corporate world that use PII and PHI daily for business purposes, they have not had a record setting lost for quite a while. Does this mean all of the privacy and security risks and issues have been solved? I don’t think so.Read More »
Well it’s that time of year again when all the key players of the cyber liability insurance world arrive in Philadelphia. Net Diligence works closely with HB Litigation conferences to get more than 300 attendees to the Cyber Risk & Privacy Liability Forum on June 6-7 which is sure to be another great event.Read More »
I read an interesting article recently on Cyber Insurance within the public sector titled "Are Governments Ready to be Buyers of Cybersecurity Insurance". There were two main points that stood out to me and a surprise as well.Read More »
Almost every business collects sensitive data. This means that almost all businesses are at risk of a privacy breach that results in unplanned expenses like forensics, legal fees, notification and monitoring costs. Some breaches even have legal fees from class action lawsuits or regulatory actions. For other unplanned expenses like a building fire or a heart attack, companies and individuals alike purchase insurance as a way to protect themselves and/or their assets. For organizations with sensitive data, which is most, there is cyber/privacy liability insurance to protect them, so why don’t all organizations buy this coverage.Read More »
I recently attended the Net Diligence conference in Marina Del Rey. It was great to reconnect with many friends in the space and discuss the latest trends in the cyber liability insurance universe. The most interesting news from the conference was the information in the most recent Net Diligence report on data breach claims activity, which got my attention for several reasons.Read More »
The Risk Management Society (RIMS) recently invited ID Experts to provide a webinar educating their audience of Risk Managers on the perils of a data breach. I was able to recruit Ted Kobus—National Co-Leader for Baker Hostetler’s Privacy, Security and Social Media Team and Jeremy Gittler a Senior Complex Claims Director from Chartis/AIG Insurance to speak with me on the panel September 6th at 10:00PST and 1:00EST.Read More »
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