The cyber claim landscape is quickly evolving — and escalating. A new treatise published by Practising Law Institute's PLI Press, Cyber Insurance Claims, Case Law, and Risk Management, provides in-depth case and insurance policy analysis and guidance that can help lawyers and risk managers assess and mitigate cyber risks.
The need for this information is more critical than ever, as cyberattacks against corporate networks increased 50% in 2021 (Checkpoint Research), while U.S. intelligence agencies tracked ransomware attacks against 14 of 16 critical infrastructure sectors last year (U.S. Cybersecurity and Infrastructure Security Agency). The recent Russian attack on , and likely responses to sanctions imposed by the U.S. and , raise the specter of even more severe attacks going forward.
Drawing on years of experience in this sector, authors Joshua Gold and Daniel J. Healy, co-chairs of Anderson Kill's Cyber Insurance Recovery Practice Group, highlight flashpoints where coverage is frequently contested, with particular attention paid to losses and liabilities potentially covered by traditional types of insurance. Explanations focus on the relationships between insurance on the one hand and attack vectors and resulting liability on the other, to allow for informed consideration of risk management options.
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Joshua Gold is a shareholder in Anderson Kill's New York office. He has represented numerous corporate and nonprofit policyholders in various industries, with recoveries for his clients well in excess of $1.5 billion. Josh is chair of the Cyber Insurance Recovery Practice Group and co-chair of the Marine Cargo Insurance Group.
Daniel J. Healy is a partner in Anderson Kill's Washington, D.C. office. He started his career with Anderson Kill over 20 years ago, served for five years as a Trial Attorney with the U.S. Department of Justice, Tax Division and currently represents policyholders seeking insurance coverage. Dan is co-chair of Anderson Kill's Cyber Insurance Recovery Practice Group and is a member of the firm's Technology, Media and Distributed Systems and COVID Task Groups.