In the last decade, the prevalence of data breaches and other cyber-attacks has consistently risen. As a result, a majority of businesses can expect to experience cyber events in their lifespan, whether they are targeted for their customer data, intellectual property, or for the purposes of business disruption. Like other types of professional liability protections, cyber insurance is a tool for businesses to protect themselves from the financial, legal, and regulatory risks that cyber threats cause. Yet business leaders today often still lack a comprehensive understanding of the nature of cyber risks, related necessities, or even what the coverage offered by these insurance policies actually provide. Attorneys advising businesses and assisting with risk management today must understand the process of cyber insurance and the key features that will ensure coverage in a time of need.

In this seminar, our expert panelists begin by reviewing the basics of cyber insurance and elaborating on the aspects covered by these policies. Our speakers then dive into the types of cyber insurance and highlight the key characteristics of different types of coverage. The discussion continues with an examination of the factors considered during the cyber underwriting process. Our experts then highlight the key challenges related to cyber insurance today and conclude the webinar by reviewing recent cyber insurance coverage cases.