Update on Cyber Coverage: Key Decisions Affecting Potential Recoveries

DATE: Tuesday, March 23, 2021

TIME: 2:00 PM - 2:45 PM

ORGANIZER: American Bankers Association Annual Insurance Risk Forum

Download Slides (PDF): Slide deck 

2020 brought a sea change for cyber risk, with nearly all businesses transitioning at least some portion of their operations to remote and virtual platforms. At the same time, courts issued a number of rulings, some finding coverage and others not. From National Ink in Maryland, to G&G Oil Co. in Indiana, to the Treasury Department raising OFAC concerns about ransomware payments, 2020 was a year of legal developments that changed the landscape of cyber coverage. This panel will cover the key risk management, legal and insurance issues from the most important cyber coverage developments of 2020.