data breach liability News

Supreme Court Could Decide Who Can Sue Equifax for Data Breach Liability

Less than a day after Equifax revealed one of the biggest data breaches in U.S. corporate history, the credit reporting company has already been hit with two proposed class actions in federal court – and one of those cases was …

Is Equifax’s Cyber Insurance Enough to Cover Breach?

Equifax Inc.’s insurance against cyber breaches is likely inadequate to cover the credit-reporting company’s costs tied to one of the biggest hacks in history, according to people familiar with the coverage. The company holds a policy that would probably cover …

Judge Says Yahoo Must Face Data Breach Lawsuit

A U.S. judge said Yahoo must face nationwide litigation brought on behalf of well over 1 billion users who said their personal information was compromised in three massive data breaches. Wednesday night’s decision from U.S. District Judge Lucy Koh in …

JLT Specialty, Keeper Security Form Client Data Protection Partnership

JLT Specialty Insurance Services Inc. (JLT Specialty USA), and Keeper Security, Inc., a password manager and digital vault, have formed a partnership designed to offer clients a tool to protect confidential and private information and improve their underwriting risk profile. …

Connecticut High Court Upholds Coverage Denial in IBM Data Loss Case

The Connecticut Supreme Court on Monday upheld a lower court’s ruling that Federal Insurance Company and Scottsdale Insurance Company are not required to defend or indemnify the insureds for the loss of computer tapes that exposed personal information of some …

Government Action, Insurance, Software Product Liability Urged for Cyber Security

Alarmed by mounting cyber threats around the world and across industries, a growing number of security experts see aggressive government action as the best hope for averting disaster. Even though some experts are outraged by the extent of U.S. Internet …

ISO Comments on CGL Endorsements for Data Breach Liability Exclusions

As data breaches become more prevalent in the workplace, ISO, a member of the Verisk Insurance Solutions group at Verisk Analytics in Jersey City, N.J., has been taking steps to constrain commercial general liability policies based on ISO forms from …