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RANSOMWARE ATTACK ON COLONIAL PIPELINE UNDERSCORES MULTIPLICITY OF CYBER RISKS AND POTENTIAL INSURANCE COVERAGES

Cyber Insurance Alert

  • Published On: May 14, 2021

Key Points:

  • The severity of ransomware attacks continues to escalate, and the potential damage extends far beyond the ransom paid
  • In addition to cyber insurance policies, traditional insurance policies may respond to losses and liabilities stemming from a ransomware attack
  • After a ransomware attack, policyholders should err on the side of inclusiveness when notifying their various insurance companies
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Joshua Gold
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