corporate cyber liability News

Wesco Settles Coverage Dispute Over $36 Million IRA Financial Cyber Attack

Wesco Insurance, a part of AmTrust, has agreed to settle its dispute with a financial firm that lost millions in retirees’ money in a well publicized 2022 cyber attack. The settlement notice, filed in federal court in Miami, did not …

5 Recent Reports on Businesses and Cyber Security, Liability and Insurance

Cyber security is clearly on the minds of business executives, most of whom acknowledge their firms have been victimized by some sort of cyber attack. What are they thinking about cyber security, cyber liability and cyber insurance? Below are summaries …

Senate Committee to Take Up Cyber Liability Bill Next Week

The U.S. Senate Intelligence Committee is expected to consider a bill next week aimed at encouraging companies to exchange information on hacking attempts and cybersecurity threats with the government, senators said this week as they released a draft of the …