Elizabeth Kim, Principal Underwriting Counsel, Hiscox Insurance Company and Moderator for the 2014 Medical PL Symposium session "Privacy & Data Security Risk Management for Health Care Professionals" discusses how cyber risk is different for health care professionals and looks at changes in the sector in the coming year.
On Wednesday Reuters published an article on the Target Data Breach that included a look at how cyber liability insurance may help defray some of the breach expenses. From the article:Target said of the $61 million in expenses related to the breach during the quarter, $44 million were offset by an insurance payment, bringing the impact to $17 million.Mark Rasch, a former cyber crimes prosecutor who worked on some of the biggest U.S. payment card breach cases, said that it was too early to estimate how big the bill would be, but it would certainly be in the hundreds of millions [...]
In this unique webinar, airing live on September 24, 2013, a panel of industry experts explores how Lawyers and other professionals have increasingly embraced 21st Century technologies without considering the potential impact it might have on their professional and ethical duties to clients. Using a fun overlay of a fictitious managing partner who must solve the mystery of how an adversary knows confidential, strategic information about a big case, our presenters provide substantive discussion of a variety of potential scenarios that could lead to the loss of confidential information, the tensions between attorney-client obligations and law firm employee rights and insurance [...]