The release of the NetDiligence® 2015 Cyber Claims Study, the only one of its kind, reveals the most current data on cyber security events and their true costs. NetDiligence President Mark Greisiger shares the latest findings, including the top areas of concern for both insurers and the C-Suite.
A Q&A with J.T. Malatesta of Maynard Cooper & Gale
Medical Informatics Engineering and subsidiary NoMoreClipboard revealed a breach last month affecting up to 3.9 million Americans which has now resulted in a series of class action lawsuits on behalf of victims. The incident is causing headaches for risk managers in the healthcare sector, including their cyber liability insurers. This event underscores how a catastrophic breach for one dominant service provider (in this case, Medical Informatics Engineering, the software company that provides the NoMoreClipboard service) can create a domino effect that impacts multiple organizations. Many insurers are also rightfully concerned about aggregated risk, since they could have multiple insureds and claims stemming from a single event such as this one. I spoke with J.T. Malatesta, chair of the cybersecurity practice of Maynard Cooper & Gale, about the implications of this event and how organizations can better prepare for vendor breaches.
A Q&A with Ben Barnow of Barnow Associates PC
The decision in the recent Neiman Marcus case was a game changer for the swiftly evolving legal climate around data breach events. By establishing the theory of “likely future fraud or injury” the court recognized that plaintiffs no longer have to prove the “impending certainty” of potential injury (as was previously established by the 2013 decision in Clapper v. Amnesty International). To find out more about its impact we talked to Ben Barnow of Barnow Associates PC.