Criminal cyber attacks that deprive access to vital digital information and hold it for ransom are a constant and ever-increasing threat. No organization is immune.
Due to the exponential rise in ransomware attacks, cyber insurance coverage for ransom payments – one of the tools for mitigating cyber risk – now requires steeper premiums for much
The Lloyd’s Market Association (the “LMA”) recently released four model clauses to exclude coverage for “war” from cyber insurance policies. The exclusions align with the requirement that all insurance policies written at Lloyd’s must exclude losses caused by war. Given the insurance industry’s weakening appetite for cyber risks, the issue for insureds is the extent
As part of Bradley’s continuing coverage of the North Carolina Sandbox Act, we wanted to know what community members and NC fintech aficionados thought about this proposed legislation. We posed six questions to Tariq Bokhari, an influential leader in the financial technology (fintech) industry, who serves as the executive director of the Carolina Fintech
Technology is evolving and advancing at a dizzying pace across the globe. Emerging technologies are reimagining everything from how we interact with each other to how we interact with businesses and institutions. Given the upward trajectory of technology, it seems that the “innovation” business is ripe for opportunity — an opportunity that appears poised to
The New York Department of Financial Services (DFS) has issued a Cyber Insurance Risk Framework (the “Framework”) of best practices for carriers. The first of its kind, the Framework tells carriers to establish formal strategies for measuring and managing cyber risks. It applies to all insurance carriers — not only those who write