While Sony Corp. of America's settlement with Zurich American Insurance Co. in litigation over the PlayStation Network cyberattack forestalls long-sought appellate guidance on data breach coverage, experts say the deal will encourage policyholders to fight harder for coverage in similar disputes.
Joshua Gold discusses the importance of this matter:
"Given the few cases touching upon coverage for cyber-related claims, any additional jurisprudence would be welcomed — especially for policyholders who need to make decisions about how best to protect against this area of significant risk," said Joshua Gold, head of Anderson Kill PC's cyber insurance coverage group.