by William A. Boeck | April 16, 2018 | Data Breach, Internet of Things
The risks inherent in the Internet of Things (IoT) are becoming better known. The denial of service attack launched using the Mirai botnet consisting of hundreds of thousands of IoT devices is a good illustration of what can happen as a result of such devices being...
by William A. Boeck | February 26, 2018 | Cyber Insurance, Data Breach, Healthcare, Regulatory
No sooner did I publish my last post on regulatory coverage than I learned about a settlement between the Office of Civil Rights (OCR) in the US Department of Health and Human Services and Fresenius Medical Care North America (Fresenius). The settlement is noteworthy...
by William A. Boeck | September 11, 2017 | Data Breach
By now, everyone reading this blog is aware of the data breach sustained by Equifax, Inc. “Catastrophic,” “basically the Irma of data breaches,” “the worst data breach ever,” the superlatives have come fast and furious over the past few days. No matter what colorful...
by William A. Boeck | April 26, 2017 | Data Breach
At the risk of stating the obvious, a cyber event can be very expensive for a company. Not convinced? Just ask Target. As the company reported in January 2015, the total costs incurred in 2013 and 2014 were $252 million. Some have argued that after insurance...
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 Michael Born | September 16, 2016 | Data Breach
This is a post by Michael Born, the cyber practice leader of Lockton’s Kansas City office. His advice is excellent. It seems that no matter how sophistated the protections become, the hackers always find another way in, especially when they are seeking...
