Insurance Coverage for Jackware Attacks

Risk Management Magazine (RMM)

PUBLISHED ON: May 19, 2022

Ransomware not only is increasing with disturbing frequency—it also is evolving to present new layers of risks. One major development of ransomware is “jackware.” 

Jackware, like ransomware, involves the remote takeover of a computer. Whereas ransomware generally targets the data on servers and desktops, disrupting the flow of information and transactions, jackware targets physical devices themselves, particularly connected “smart” devices that have computer functionality embedded in them. Jackware enables the hacker to take control or shut down over all or part of the operational functions of a physical device, piece of equipment or machine.

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Daniel J. Healy is co-chair of Anderson Kill’s cyber insurance recovery group and co-author with Joshua Gold of Cyber Insurance Claims, Case Law, and Risk Management (2022), now available from the Practicing Law Institute. He is also a partner in the firm’s Washington, D.C. office and co-chair of the firm’s white-collar and regulatory practice group.

Robert M. Horkovich is managing partner in Anderson Kill’s New York office and chair of the firm’s insurance recovery group. He is a trial lawyer who has obtained more than $5 billion in settlements and judgments for policyholders from insurance companies.