Cyber Insurance Archives

11 12, 2023

ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets
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ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets

@PLUS, Cyber, Fiduciary, Guest Blog, PL Insurance

ERISA Fiduciary Concerns Relating To Cybersecurity: Part I – Theft Of Plan Assets

By PLUS|2023-12-11T12:20:08-06:00December 11, 2023|@PLUS, Cyber, Fiduciary, Guest Blog, PL Insurance|0 Comments

The 1920s and 1930s were infamous for bank robberies, where robbers disguised themselves as Santa Claus[i] and answered questions by stating that banks are robbed “because that’s where the monies at.”[ii] Fast forward about 100 years, cybercriminals do not need to disguise themselves as Santa Claus, and as to where the monies at – well, U.S. retirement plan assets totaled $36.7 trillion as of the second quarter of the 2023.[iii] Since a cyber breach is not a matter of if it will occur, but a matter of when, fiduciaries of retirement plans should be addressing this risk. This blog will [...]

Cyber Incident Reporting Act is a Milestone for Transparency in Cyber Insurance

By PLUS|2022-04-25T11:36:25-05:00April 25, 2022|@PLUS, Cyber, Guest Blog, PL Insurance|0 Comments

Eva Kwan is Director of Claims at At-Bay, the cyber insurance provider for the digital age. Eva works with insured businesses to execute litigation and settlement strategies. Previously, she was the Regional Head of Cyber, Media, and Technology claims for Allianz Global Corporate & Specialty North America. Kwan began her in-house insurance career with a Lloyd's specialist insurer, where she handled cyber, media, and technology claims and became Assistant VP of Claims. On March 15, 2022, President Joe Biden signed into law the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA), which created new rules and requirements for businesses that [...]

Cyber Insurance —A Year in Review (2021)

By PLUS|2021-12-15T15:22:58-06:00December 20, 2021|@PLUS, Cyber, Guest Blog, PL Insurance|0 Comments

Kelly B. Castriotta, Esq, is a Managing Director, Global Cyber Underwriting Executive at Markel Corporation (NYSE: MKL). The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Markel Corporation or any of its subsidiaries or holdings. The information providing with this article does not, and is not intended to constitute legal advice; instead, all content within is for general informational and research purposes only. With daily headlines flooding our inboxes re: all things cyber, sometimes it helps to reflect over the timeline of a year and [...]