Selecting an appropriate cyber insurance policy can seem daunting. There are a number of different cyber events that have the possibility to impact businesses differently based on a number of factors, including the company’s network design and cyber security readiness.
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The New Money: Cryptocurrencies and the Role of Insurance
For approximately the past decade, cryptocurrencies were used by those who wanted to transact business anonymously and without oversight or restrictions imposed by any governmental authority. More recently, the concept of cryptocurrencies has been used to raise capital outside of
False Pretense Exclusion No Bar to Coverage of Fraudulent Impersonation Scams
Social engineering and electronic impersonation scams have increased in recent years, as have cases involving resulting claims for insurance coverage. Claims typically involve the impersonation of a company executive, employee, or client and a fraudulent electronic communication directing an employee
Will Your Cyber Policy Provide Coverage for GDPR Violations?
The European Union’s Global Data Protection Regulation (GDPR) took effect on May 25, 2018, and drastically expanded the compliance obligations of companies involved in the collection, use, and management of any European Union citizens’ data. The GDPR imposes a strict regulatory
How Valuable is that Certificate of Insurance?
On November 9, 2018, the Ninth Circuit certified an important coverage question to the Washington Supreme Court about whether a certificate of insurance (COI) purporting to add T-Mobile as an additional insured on another company’s insurance policy binds the insurance
Protecting Your Emerging Business
Emerging tech companies face many uncertainties. On the one hand, it’s an exciting environment with eager investors and an expanding market receptive to new high-tech solutions. But there are also risks from cyber disruption, potential product liability claims, and less
Welcome to The Perkins Coie Tech Risk Report
Welcome to The Perkins Coie Tech Risk Report, a source for updates on, and analysis and interpretation of, insurance issues relevant to emerging technologies. We will address coverage issues related to cyber coverage, privacy, digital assets like cryptocurrency, Blockchain and other
Coverage for Third-Party Claims Alleging Non-Fax-Related TCPA Violations
The Los Angeles Lakers are still dealing with the fallout from having sent confirmatory text messages to spectators in 2013, after having invited text messages from those spectators for potential display on the scoreboard. The ensuing Telephone Consumer Protection Act
How to Protect Against Cyber Liability Threats
The potential for cyberattacks and data breaches continues to loom large in any company’s calculus of risk, with events like the recent WannaCry attack only highlighting the threat. For years, the insurance industry has responded in kind by offering variations
What’s the Insurance Coverage for Smart Contracts?
Smart contracts are changing the way businesses conduct routine transactions to make them more efficient and, in many ways, less prone to human error. But this new technology has associated risks. Is your company adequately prepared?
Basics of Smart Contracts