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BT Policyholder Protection Blog
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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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03 Jul 2014 Scott Godes to present at ACC-SoCal’s Networking Cocktail Reception: “Be a Cyber Risk Hero – Understand the Risks and Learn Best Practices to Get Them Insured.”

Scott Godes, from Barnes & Thornburg’s Policyholder Insurance Recovery Group, will be presenting on cybersecurity, data breaches and insurance coverage for those risks at the Association of Corporate Counsel Southern California Chapter (ACC-SoCal) “Networking Cocktail Reception: Be a Cyber Risk Hero – Understand the Risks and Learn Best Practices to Get Them Insured.“ The event will take place:   July 24, 2014, 5 p.m. PDT   The California Club 538 S. Flower Los Angeles, CA 90071   The overview of the presentation is:   Is cybersecurity a board-level concern for your company? What does that even mean? Can you get someone else to share in the financial risk of this burgeoning threat? In this CLE, you will hear about the latest risks, how much they’ll cost…

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14 May 2014 Scott Godes to present at the AFP® Annual Conference in Washington, DC

Scott Godes will be presenting at the AFP® (the Association for Financial Professionals®) Annual Conference at the DC convention center (the Walter E. Washington Convention Center) from November 2-5, 2014.  Scott will be part of a panel discussing insurance for cyber risks.    The topic for the panel will be:   Cyber Insurance: What Is It? Am I Covered? Network security and privacy risk – it’s ubiquitous. But do you really know what it is? The financial burden of a security breach event can be overwhelming and can often be mitigated with the purchase of an insurance policy. In this session, industry experts who have experienced breach events and understand the costs incurred as a result provide tips on breach preparedness, incident response, legal obligations and risk transfer mechanisms to…

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13 May 2014 Scott Godes to present at the 21st Annual Nonprofit Risk Management Seminar

  Scott Godes,  from Barnes & Thornburg’s Policyholder Insurance Recovery Group will be a speaker at the AHT Insurance 21st Annual Nonprofit Risk Management Seminar.   Scott’s presentation will be “Cyberinsurance: The Policyholder’s Perspective” By Scott Godes, Partner, Barnes & Thornburg LLP.  The seminar will take place:   May 15, 2014 9 – 9:30 a.m. Registration & Networking9:30 a.m. – 11:30 a.m. ProgramBender BuildingAmerican Bankers Association Conference Room1120 Connecticut Avenue, NWSeventh FloorWashington, DC 20036   Scott GodesScott N. Godes is a veteran trial lawyer with experience in insurance coverage matters and technology issues. He is a partner in Barnes & Thornburg LLP’s Washington, D.C., office and is a member of the firm’s Litigation Department, the Policyholder Insurance Recovery and Counseling Group, and the Internet & Technology Law Group.More Posts – Website

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07 May 2014 Chris Yetka presents “Cyber Risk: The Cost of a Breach”

On May 7, 2014, Christopher Yetka from Barnes & Thornburg’s Policyholder Insurance Recovery Group presented a breakfast seminar with Dan Hanson from Marsh & McLennan Agency entitled “Cyber Risk: The Cost of a Breach.”   The presentation included a discussion of how data losses can occur, and the nature of their discovery.  Tips on how to immediately respond to a data discovery were analyzed, along with requirements under the various state and federal laws to notify those whose data has been compromised.  The short and long-term consequences of a breach, including lost income, damage to reputation, regulatory fines, and third and first party losses were presented.  Finally, Chris and Dan discussed a number of ways to minimize risk, including not only insurance options and best…

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29 Apr 2014 Scott Godes to Speak at the NetDiligence Cyber Risk & Privacy Liability Forum June 11-13, 2014

  We are pleased to announce that Scott Godes will be speaking about insurance coverage for cyber risks at the upcoming NetDiligence® Cyber Risk & Privacy Liability Forum, hosted by HB Litigation Conferences, from June 11-13, 2014, at the Hyatt at the Bellevue, Philadelphia, PA.  This promises to be a great conference where you can learn about cyber risks, cyberinsurance, data breaches, data privacy, cyberattacks and more. Download the entire agenda.   Scott will be a speaker on a panel discussing the “Crime Coverage & Cyber Insurance,” presenting at 9 a.m., Friday morning, June 13. The panel will discuss: Coverage in common loss scenarios Discussion of recent claims Court decisions impacting coverage Standard Crime & Cyber policy forms   Register online here.   Scott GodesScott…

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