In an all too common scenario, someone in your organization’s finance department receives an email that purports to be from a supplier informing your organization of the supplier’s supposedly changed bank account and a request for you to make all
Tech Risk Report
Protecting Innovative Companies Against 21st Century Risks
Tech Risk Report, published by Perkins Coie LLP, focuses on legal developments and insurance coverage issues related to technology risks. The blog covers topics such as biometric information privacy litigation, particularly under the Illinois Biometric Information Privacy Act (BIPA), insurance disputes involving general liability policies, and business interruption claims arising from events like the COVID-19 pandemic. It also addresses regulatory and court decisions impacting technology companies and policyholders, including coverage interpretations for communicable disease clauses and data privacy concerns. The blog provides updates on litigation trends, insurance coverage battles, and regulatory guidance relevant to technology-driven risks and their legal implications.
Latest from Tech Risk Report - Page 7
How to Maximize Protection Under Additional Insured Provisions
By Perkins Coie
Many contracts require that parties be added as “additional insureds,” but few contain specifics on what type of coverage should be provided. The gambit of additional insured provisions is far-ranging. Being proactive and ensuring that the additional insured coverage you…
Attack of the Drones: How to Protect Your Business
By Perkins Coie
Thinking about including an unmanned aerial vehicle as part of your business? What could be cooler than having a UAV deliver your product to customers? Many companies are already using UAVs or drones not only for delivery but also for…
Prepare for the Future With Cryptocurrency Insurance
By Perkins Coie
Cryptocurrencies, including bitcoin, may be the wave of the future, as more and more companies and countries accept them as valid forms of currency. As with any new technology, however, the potential for risk and error is prevalent. Although cryptocurrencies…
Insurance Coverage for a Connected Technical World
By Perkins Coie
Some estimates calculate that over 23 billion “things” were connected through the internet in 2016. This number is projected to rise to over 50 billion by 2020. The broad category is known as the Internet of Things (IoT), and the new technology…
Are You Protected Against Privacy Claims?
By Perkins Coie
Consumer privacy actions continue to be a huge, costly risk for any business handling customer data over the internet. Lawsuits alleging improper collection of consumer data, such as zip codes or contacts, have become commonplace. Is your company at risk?…
Cyber-Policy Coverage for Payment Card Industry (PCI) Fees
By Perkins Coie
Even though cyber breaches—hacks, ransomware attacks, denial or delay of service attacks, malware, phishing and the like— have existed for years, coverage under actual cyber policies (as opposed to CGL, D&O, or crime policies) is now starting to be litigated.…
Ninth Circuit Weighs in on Coverage for Third-Party Claims Alleging Non-Fax-Related TCPA Violations
By Perkins Coie
The U.S. Court of Appeals for the Ninth Circuit ruled in the negative last month on whether the Los Angeles Lakers were entitled to coverage under their Directors and Officers (D&O) policy (Policy) for costs relating to an underlying suit…
Autonomous Vehicles: New Risks in A Driverless World
By Perkins Coie
Does your business manufacture autonomous vehicles, supply components or software for use in autonomous vehicles, or otherwise incorporate autonomous vehicles into its business plan? For any venture involving autonomous vehicles, there are new risks that your business should understand and…
Is There Insurance Coverage for Virtual Currencies?
By Perkins Coie
Ever since the introduction of bitcoin in 2009, cryptocurrencies have become increasingly relevant to business transactions over the internet. Blockchain technology does afford additional protections to businesses using cryptocurrencies, but bitcoin, Ethereum and other cryptocurrencies represent value, and are at…