Tag: cyber liability policies

Special Discount for ABA Webinar on Cyber RiskNov 01, 2016

On November 15, 2016, 1:00 – 2:30 PM ET, SDV Southeast Managing Partner Gregory Podolak will be participating in the American Bar Association webinar, “Assessing the Situation: How to Identify and Evaluate a Contractor’s Cyber and Data Risks.”  The program will discuss the following topics: Key exposures (emphasis on the potential compromise of sensitive corporate data and client information) and technical strategies Practical, day-to-day perspective of the general counsel/risk manager…

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One-Stop Shop Cyberinsurance Opens Doors For Small CompaniesOct 17, 2016

If you are a small company worried about keeping your client data safe, there are now a number of options to help. SDV’s Gregory Podolak was recently interviewed by on his thoughts… As the threat of cyberattacks continues to loom large, more insurers and brokers have started offering cyber-specific policies with “fringe benefits” such as risk scanning and access to data breach response professionals. Earlier this month, for instance,…

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Media Update: Cyber Risk CoverageMay 11, 2016

SDV’s own Gregory Podolak is well known in the cyber risk world. He’s been quoted recently in two articles about the topic. In Business Insurance, he was quoted in the article Cyber Ruling Opens Door to CGL Claims about a recent decision that allowed policyholders to obtain coverage for data breach events under a CGL Policy. The article maintains that, while this was a win for that particular policyholder, the…

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US-EU Data Protection is Ramping UpFeb 18, 2016

If you are a risk manager of a multi-national company, and you haven’t heard of Article 29 Working Party (WP29), it’s time you become acquainted. It is an independent European advisory body on data protection and privacy. One of its core functions is to provide an opinion on the level of data protection in the EU and other countries. In this capacity, it will advise on the terms and ultimate…

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EU Adopts General Data Protection Regulation; Now May Be the Time to Look for EU Cyber CoverageJan 05, 2016

On October 22, we posted about the anticipated EU General Data Protection Regulation. As expected, the EU adopted the Regulation as part of its data protection reform package on December 15. US businesses have been concerned about protecting the data of EU subjects transmitted to the US because in October, the European Court of Justice declared the US Safe Harbor regime invalid. EU and US negotiators have been frantically working…

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Another Health Insurer is HackedMar 18, 2015

As noted in this New York Times article, on March 17, national health insurer Premera Blue Cross announced that it was a victim of a cyber attack, which potentially exposed the private medical and financial data of 11 million customers. This is the second major hack of a health insurer this year, and as the article notes, health security experts suggest that other insurers may have also been compromised but…

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