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Looking back on 2018, we saw Yahoo (or its successor) pay approximately $80 million to resolve securities class action litigation, aside from another $35 million in SEC fines. We also saw Congressional focus on Equifax and the release of a GAO report on Equifax's data policies and breach response. There are many lessons to take from these examples, so that your company can avoid being next in the news.
The good news is that insurance companies remain eager to sell protection against cyber losses and favorable terms can be obtained. All you need is to understand the risks, along with what coverage terms to look for and to avoid. But that's not so easy in this evolving market that lacks uniformity and time-tested standard forms. After an overview of the attack vectors, this session will provide participants with the tools they need to evaluate their insurance protection. Presenters will deliver tips for avoiding coverage traps and gaps, understanding policy terms that have led to litigation, and increasing the chances that your claims will be paid.
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