Target, in a recent document filed with the Securities and Exchange Commission, provided updated information on the financial impact of its 2013 data breach: It now estimates paying $264 million in breach-related costs, ranging from litigation claims to the expenses it experienced for fixing systems and sending out information at the time of the attack…
Tag: Cyber Insurance
Cyber Insurance: Social Engineering Not Covered Under “Computer Fraud” Insurance Provision
Losses stemming from social engineering scams like the business email compromise are not covered by “computer fraud” provisions of commercial crime insurance policies according to the Fifth Circuit Court of Appeals in Apache Corp. v. Great American Insurance Co.
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Cybersecurity Legal Issues: What you really need to know (slides)
Shawn Tuma delivered the presentation Cybersecurity Legal Issues: What you really need to know at a Cybersecurity Summit sponsored by the Tarleton State University School of Criminology, Criminal Justice, and Strategic Studies’ Institute for Homeland Security, Cybercrime and International Criminal Justice. The presentation was on September 13, 2016 at the George Bush Institue. The following are the slides…
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D CEO Magazine: Why Cybercriminals Are Targeting Law Firms
Many thanks to attorney and legal scholar extraordinaire John G. Browning (@therealjohnbrow) for quoting Shawn Tuma in his article in this month’s D CEO magazine: Why Cybercriminals Are Targeting Law Firms.
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What Does the Travelers Case Really Mean for Cyber Insurance?
Watch the video for the explanation or see below for the spolier. SPOLIER ALERT!
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Cybersecurity Legal Year in Review – #DtSR Podcast
Do not miss this podcast discussing key cybersecurity legal events from 2015. Shawn Tuma joined the DtSR Gang [Rafal Los (@Wh1t3Rabbit), James Jardine (@JardineSoftware), and Michael Santarcangelo (@Catalyst)] on the Down the Security Rabbit Hole podcast. In this episode… Most important cybersecurity-related legal developments of 2015 Tectonic Shift that occurred with “standing” in consumer data…
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Why Lawyers Need to Understand Cyber Insurance for Their Clients
Cybersecurity, data breach, cyber attacks, and cyber insurance. Unless you live under a rock, you have heard of it. You better hope your lawyer has too! Shawn Tuma argues that the minimum standard of care for lawyers practicing in 2015-16 requires a basic understanding of cyber insurance. He recently explained that argument, along with his co-author…
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Cyber Insurance, You Need to Know if You Have It, and Your Lawyer Darn Sure Does!
Cyber law, cybersecurity, cyber attacks, and cyber insurance — unless you live under a rock, you’ve heard of it. And, you had better hope your lawyer has also. I would argue that the minimum standard of care for lawyers practicing in 2015 requires a basic understanding of cyber insurance. In fact, I did make that…
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Cybersecurity Keynote Address at International Association of Insurance Professionals Event
I am really looking forward to delivering the Keynote Address at the International Association of Insurance Professionals IAIP DFW NAIW Week event on May 12, 2015. My address, which will follow 2 hours of CE/CLE education on Cyber Liability, is titled Cyber Risk Reality Check but, the more I think about it, perhaps it should be…
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This Is Why Your Business Needs Cyber Insurance Coverage
Unless your business is selling home-grown vegetables out of a truck on the side of the road, you need to seriously consider getting insurance that covers cyber risks. Why? Because most insurance companies will not willingly cover cyber-related losses under their conventional insurance policies. Trust me, I have fought this battle before! A recent case…
