Cyber Liability Insurance at the State Government level

by Jeremy Henley April 2, 2013

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.

Why Not Pull the Trigger on Cyber - Privacy Liability Insurance?

by Jeremy Henley February 27, 2013

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.

Legal Settlements Over Half of Breach Costs. What to Do About This?

by Jeremy Henley November 14, 2012

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.

Key Steps to Reducing Data Breach Risks

by Jeremy Henley August 30, 2012

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 6^th at 10:00PST and 1:00EST.

Is technology or compliance more important in terms of minimizing the risks?

by Jeremy Henley August 24, 2012

When it comes to spending money on your business we naturally look for investments that will show a nice return. Most business leaders understand that some level of privacy and security is important to their business, however the return on investment is not always clear. This makes it painful to spend money on technology or compliance programs when the value connection is difficult to see. When the budgets are being designed it seems technology has the spotlight and the money versus enhancements to compliance activities.

Cyber Risk & Privacy Liability Forum

by Jeremy Henley July 3, 2012

At the beginning of June the "who's who" of the Cyber Insurance world descended on Philadelphia to attend the 3rd Annual Net Diligence Cyber Risk & Privacy Liability Forum. The objective was to discuss and debate a variety of topics around insuring against the risk of a data breach. Mark Greisiger, President of Net Diligence welcomed the audience and speaking panels which consisted of underwriters, brokers, risk managers and vendors that work in the data breach world. The conference provides risk managers the opportunity to learn the basics of cyber liability insurance policies, managing and reducing their organizational data breach risks and how to best minimize their exposure should a data breach occur.

Net Diligence – Cyber Risk & Privacy Liability Forum

by Jeremy Henley May 30, 2012

At the beginning of June Net Diligence, a widely known organization in the Cyber Liability insurance world, will be holding their 3rd annual conference to discuss the latest trends and analysis of Cyber space from an insurance perspective. I have been invited to speak on a panel with John Mullen as the moderator of the event. Our group will take the 60 minutes to talk about Data Breach Preparedness and the day by day actions of how to survive the first 30 days of data breach hell. Some of the high points in that will be covered are:

Cyber Insurance Liability Checklist-10 Things to Consider Before Buying

by Jeremy Henley April 19, 2012

The team at ID Experts recently released "10 Things to Consider before Buying Cyber Insurance." We developed the list based on our experiences working with breached clients and the information they have shared with us relative to insurance coverage. In a previous post I made note of finding a broker with a very thorough understanding of the policies available, and the p

10 Things to Consider Before Buying Cyber Insurance

by Jeremy Henley March 30, 2012

10 Things to Consider before Buying Cyber Insurance was recently published in PropertyCasulaty360 and I wanted to highlight a few key points from the article. The first item to consider is "Assessing the Risks for a Data Breach."

Rising Data Breach Threats = Rising Complexity

by Jeremy Henley March 19, 2012

Property Casualty 360 recently published an article What’s Driving the Rise in Data Breaches? and the article points to three reasons why more breaches are occurring: