Webinar Recording: Anderson Kill Presents its 6th Annual Cyber Insurance Recovery Webinar
Download links: Slide deck , Evaluation Form , Affirmation Form
The pandemic has unleashed devastating consequences and fundamentally altered the way many organizations operate and communicate. We are now a network of hundreds of millions of “home offices” across the continents with new cyber functionality but also with many new cyber threats. Couple that risk landscape with a more potent and dangerous ransomware scourge and it becomes clear that there is still much to do to combat the risk of wholesale disruptions and computer–enabled theft. Ransomware itself over the last year has become an even more dangerous attack vector. In addition to financial loss from extortion payments, these attacks implicate data theft and privacy breach concerns. Understanding these risks is a critical part of a proactive approach to corporate risk management and insurance mitigation strategies.
Many ransomware attacks now seek cryptocurrency payoffs in the millions of dollars, and simultaneously strip sensitive data off of. Cyber-attacks on medical providers have been especially pernicious, encrypting medical records and imperiling patients whose medical information may be inaccessible in life and death situations.
Yet hackers have not stopped at the gates of hospitals or large corporations looking to score a hefty ransom. We are now seeing complex scams targeting an appreciating asset: Bitcoin (and other cryptocurrencies). Additionally, other privacy risks continue to abound.
Biometrics is more than just a new buzzword. Though laws covering biometric information have been around for over a decade, the increased actual use of biometric data – due partially to the pandemic and partially to increased comfort with technology – has led to liability issues and litigation. Coverage litigation is actively underway, concerning liability from BIPA. In Illinois, BIPA has been the focus of attention for some time and in 2021 policyholders welcomed favorable court decisions on insurance coverage for biometric-related liabilities. Understanding where biometrics and coverage for related liabilities is heading will only increase in importance as biometric use in traditional business models becomes increasingly widespread.
All of these risks can be – and are being – addressed by insurance coverage. The extent of coverage and success in pursuing claims can vary widely. Skillfully linking insurance coverage with technology risks is key to understanding whether an organization will have insurance protection should the unthinkable happen. Presenters this year will review these risks, the technologies that companies need to think about, and the types of policy lines and terms that may be best suited to offer protection. Please join us for an up-to-the-minute review of high-tech risks and insurance coverage.
When: Thursday, May 6, 2021
Time: 1:00 pm - 2:45 pm
Cost: Free
Speakers:
Joshua Gold, Esq.
Shareholder, Anderson Kill
Chair of Anderson Kill's Cyber Insurance Recovery Group
Daniel J. Healy, Esq.
Partner, Anderson Kill
Co-Chair of Anderson Kill's Cyber Insurance Recovery Group
Bruce Strong, Esq.
Attorney, Anderson Kill
Kelly Geary
National Executive Risk & Cyber Practice Leader
Epic Insurance Brokers & Consultants
CLE:
Anderson Kill is an accredited CLE provider in NY and NJ.
CLE Credits:
NY 2.0 PP
NJ 2.0 General “presumptively approved”
This program is appropriate for newly admitted and experienced attorneys.