In an article published in the Bloomberg BNA Privacy and Security Law Report, Kelley Drye senior associate Ken Kronstadt analyzes the insurance coverage landscape for physical damage that results from a data breach or hacking event.
Internet-connected devices have become increasingly prevalent, and there is no sign that this trend is slowing. However, this soaring
Last week, the Eighth Circuit upheld a lower court’s ruling in State Bank of Bellingham v. BancInsure Inc., finding that a bank employee’s negligence in securing its computer network did not preclude coverage for a data breach resulting in a fraudulent funds transfer. The decision affirms the lower court’s ruling granting summary judgment in
As data breaches have continued to grow over the past few years, interest in cyber insurance coverage has grown along with it. This week, the Fourth Circuit upheld a lower court’s ruling in Travelers Indemnity Co. of America v. Portal Healthcare Solutions, LLC, finding that a commercial general liability (CGL) insurance policy covered the
