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17 Sep 2015 My Company Doesn’t Have Cyberinsurance: Where Do I Start?

Cyber risks and cyberinsurance are hot topics in almost every industry. However, many companies do not have cyberinsurance yet and often don’t know where to start or how to evaluate their cyber risks and need for coverage, let alone how to identify carriers and forms offering cyberinsurance. Business Insider recently reported that cyberinsurance will become a $7.5 billion dollar industry in the next five years. Here are five tips for getting started if your company does not have cyberinsurance:   Evaluate your needs   Every company has cyber risk. However, the potential impact of a cyber incident varies widely depending on your industry, type of customer, amount of and type of data you store electronically and your security systems. Talking to similar companies about whether…

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26 May 2015 Scott Godes to Speak at Upcoming ACI Cyber & Data Risk Insurance Conference

Scott Godes, partner and co-chair of the firm’s Data Security and Privacy Practice Group, will be speaking at an upcoming ACI Cyber & Data Risk Insurance Conference, Sept. 30 – Oct. 1.   Scott’s presentation, “Credit Card Exposures and What to Expect from the Implementation of Chip and Pin Technology,” will provide more information on: How major credit card brands are dealing with increased fraud Reducing security threats with the new chip and pin technology Point of sale exposure for companies that accept credit cards and more Insurance coverage issues for these exposures   The Cyber & Data Risk Insurance conference provides maximum opportunities to learn from and network with underwriters, brokers, claims managers and industry leaders, helping you keep pace with the ever-changing cyber…

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19 Mar 2015 Godes Quoted in Law360 Article: 5 Tips For Navigating ‘Wild West’ Of Cyber Policies

As more and more policyholders are turning to specialty cyber insurance products to protect themselves, it is important for insureds to get most of these policies.   Scott Godes, member of the Policyholder Insurance Recovery Group, shares tips for insureds in Law360’s article, “5 Tips for Navigating ‘Wild West’ of Cyber Policies.”  Scott’s tips included:   “Ideally, companies should secure coverage for both data breach incidents and business interruption. If there is a denial of service attack or your network goes down, will that be covered? Business interruption coverage is not necessarily included in a ‘standard’ cyberinsurance policy.”   Click here to read the full article and more what Scott has to say on cyber policies. Scott GodesScott N. Godes is a veteran trial lawyer…

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