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Cyber Risk Update A Lockton Blog




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The Basics of Cyber Insurance

Cyber insurance is a frequent topic on this blog. Not all readers understand cyber policies well though. The policies are unusual in the way they are structured and in the risks that they cover. This post is the first of a series designed to delve into the essentials of cyber insurance policies.

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The Scourge of Website ADA Claims

Claims that websites violate the Americans With Disabilities Act have exploded. Companies all over the US are receiving letters inviting them to settle with unidentified claimants in order to avoid litigation. What do these claims look like? How are companies fighting back? Can insurance help? Are there ways to avoid these claims? This post discusses all this and more.

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Coverage For Cyber Losses Under General Liability Insurance Policies

Insurers and their insureds have been in a long-running tug of war over whether cyber losses are covered under general liability policies. A new decision by the US Court of Appeals for the 4th Circuit in the Travelers v. Portal Healthcare case seems to hand insureds a victory. That is certainly true for Portal Healthcare. The decision isn’t the good news that other companies would like it to be though.

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The “Panama Papers”: A Lesson in Cyber Risk

The recent revelation that millions of documents were stolen from the Panamanian law firm of Mossack Fonseca has led to news stories about how the firm allegedly helped clients hide money and avoid taxation. Founding partner Ramon Fonseca has said that the theft was the result of a hack to the firm’s systems, and that the hack itself is the real story. He has a point.

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Gremlins in the Hospital

As we all saw in 2015, hospitals and health insurers are prime targets for cyber attacks designed to obtain personal and health information of individuals. Those attacks are bad for all the obvious reasons. Worse attacks can happen though, and they can bring a hospital to its knees. Events in February 2016 are a good illustration.

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EU-US Data Transfers: The Sun Rises on a New Metaphor

In October 2015 the European Court of Justice invalidated the Safe Harbor principles agreed to by the US and the European Union (EU) that facilitated the transfer of data of EU citizens to the US. On February 2, 2016 the EU announced that an agreement in principle had been reached to replace the Safe Harbor with a new “EU-US Privacy Shield”. We don’t have an actual agreement though. Here is what we know so far.

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