At least five class-action lawsuits were filed last week against the two Las Vegas entertainment giants following data breaches reportedly by the same group of threat actors. As Digital Insurance reports, Okta, an identity and access management company used by both firms, issued an advisory in August about hackers tricking IT service staff into resetting […]
In the matter of Remprex, LLC v. Certain Underwriters at Lloyd’s London, policyholder Remprex was thrust into two separate class actions, both involving alleged violations of the Biometric Information Privacy Act (“BIPA”). Remprex could not receive coverage under their media liability policy due to an exclusion of coverage for losses arising from the unlawful collection or […]
GEICO is set to confront a nationwide class action lawsuit after allegedly compromising its customers’ privacy through the unauthorized release of their driver’s license numbers that were later used by identity thieves to secure fraudulent unemployment benefits. US District Judge Kiyo Matsumoto delivered the decision to proceed with the lawsuit in Brooklyn earlier this week, Reuters […]
Not that long ago, few companies even considered purchasing insurance to mitigate their financial exposure from a cyber incident, and for those that did, obtaining a policy was as easy as filling out an application and writing a check. Those days are now squarely in the rearview mirror. Today, companies everywhere are rushing to get cyber […]
With the increased threat landscape and the increasing likelihood that clients will be attacked, cyberinsurers now require more extensive assessments and increased costs to renew policies. Erik Decker, vice president and CISO of Intermountain Healthcare, outlined five critical controls that cyber insurance providers look for when assessing an organization’s eligibility for coverage: endpoint detection and […]
