cpsu presentation

© 2014 Tressler LLP

Presented by:

Todd M. Rowe

Cyber Insurance Underwriters:

Your Country Needs You

April 13, 2016


No Longer A Safe Harbor For Cyber Security

» Insurance Agreement

» Exclusions

» Portal Health Decision

Further Reading: April 12, 2016

Privacy Risk Report.

CGL Insurance Issues

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https://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjo0qqN_v_LAhUGyGMKHc3gBqcQjRwIBw&url=https://iphoneogenic.wordpress.com/2012/09/24/paulmoore/&psig=AFQjCNGnW_5HcjRHo9lzYZVgGyZ1M28ssw&ust=1460237327534441


Emerging Issue For 2016: Claims Related To The “Internet of Things”

For Further Reading: January 27, 2016

Privacy Risk Report

First Party Property Insurance Issues

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http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.sony.net/&ei=WPjTVJWvC5WuyAT9tILoCA&bvm=bv.85464276,d.aWw&psig=AFQjCNEW31WRp1ERSynoUk-N_Od3tYGcQw&ust=1423264201127933

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0CAcQjRw&url=http://www.sony.net/&ei=WPjTVJWvC5WuyAT9tILoCA&bvm=bv.85464276,d.aWw&psig=AFQjCNEW31WRp1ERSynoUk-N_Od3tYGcQw&ust=1423264201127933

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjQ9tHV_v_LAhVKJCYKHb4XAu8QjRwIBw&url=http://www.amazon.com/Nest-Learning-Thermostat-Generation-Works/dp/B009GDHYPQ&bvm=bv.119028448,bs.2,d.d24&psig=AFQjCNE9XWyhNeems6RZ0P_TLcBtXZhzZA&ust=1460237436224130


Questions

» Does the company have a cyber-incident response plan?

» Are subcontractors and suppliers evaluated to ensure their adherence to the company’s cyber requirements?

» Does the firm engage in basic cyber hygiene, such as the regular patching of software and scanning for malicious activity, and mandating a multi-step identity check to access company networks?

“Your Country Needs You”

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Further Reading: September 11, 2015 Privacy Risk Report

http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjh5fy1___LAhVIqx4KHYvxBEUQjRwIBw&url=http://theleidener.com/2015/03/10/i-want-your-opinion-an-introduction/&bvm=bv.119028448,d.d24&psig=AFQjCNEfquZhBPnEm2bo5KuBjevEu1aCKw&ust=1460237606758360


» D & O Underwriters Struggle With The Lack Of Information Related To Cyber Risks.

November 14, 2014

Privacy Risk Report

» Early Observations Concerning The Sony Hack And Cyberliability Insurance.

› “The strength of this insurance will start with the underwriting process.”

January 8, 2015

Privacy Risk Report

Privacy Risk Report Posts For

Underwriters

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Tort Source Fall 2015 Handout

Columbia Casualty Co. v. Cottage Health System, 2:15-cv-3432 (C.D. Cal. 2015)

The Current State Of Cyber Insurance Law

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http://www.google.com/url?sa=i&rct=j&q=&esrc=s&source=images&cd=&cad=rja&uact=8&ved=0ahUKEwjMnsL3hYDMAhUEWT4KHT9JD_0QjRwIBw&url=http://www.americanbar.org/groups/tort_trial_insurance_practice/publications.html&bvm=bv.119028448,d.cWw&psig=AFQjCNHLqb2hFzM1-GU2h5X3OIo-JVO8yQ&ust=1460239421774239


“Think of a massive cyber-attack as an intelligent hurricane…If it hits a house that doesn’t fall down it learns why the house didn’t fall and it changes.”

Data Breach/Cyber Security

Parting Note

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Another Parting Note

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http://www.advisenltd.com/events/conferences/2015/11/05/2016-cyber-risk-insights-conference-chicago/

Thank you.


www.privacyriskreport.com

Todd M. Rowe 312.627.4180

[email protected]

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