by William A. Boeck | October 23, 2017 | Cyber Attack, Cyber Insurance
It’s time for another post in my series about the basics of cyber policies (you can read earlier posts here, here, and here). This time I’m going to look at system security liability coverage. As the graphic below illustrates, security liability coverage is one of the...
by William A. Boeck | May 15, 2017 | Cyber Attack, Cyber Insurance, Ransomware
On May 12, 2017 computers around the world were hit with the largest ransomware attack ever. As of noon Central Time on May 15, 2017 the attack has hit over 200,000 computers in 150 countries. The map below shows the extent of the attack 24 hours after it was...
by William A. Boeck | March 13, 2017 | Cyber Insurance, Data Breach
In this installment of my series of posts about the basics of cyber policies (you can read earlier posts here and here) I’m going to talk about privacy liability coverage. As illustrated in the graphic below, privacy liability coverage is one of the four coverages...
by William A. Boeck | March 1, 2017 | Cloud Computing, Cyber Insurance
On February 28, 2017 Amazon Web Services’ Simple Storage Service (S3) sustained an outage that began at approximately 9:40 am PST, and lasted more than four hours. The outage, which Amazon characterized as “high error rates,” affected a data center in Virginia...
by William A. Boeck | July 11, 2016 | Cyber Insurance, Data Breach
This is the second in my series of occasional posts covering the basics of cyber insurance. You can find the first one here. This time I’ll talk about breach event cost coverage. Of the four coverages available in a “plain vanilla” cyber policy (see graphic below)...
by William A. Boeck | June 25, 2016 | Cyber Insurance, Data Breach
In my last post concerning insurance issues arising from the 2014 data breach at P.F. Chang’s China Bistro I talked about PCI DSS assessments and the cyber insurance difficulties they can present. Today I’m going to jump back into that pool, this time in the deep end....
