Insurance Coverage For The Internet Of (Defective) Things

Law360, New York (October 27, 2016, 1:51 PM EDT) -- Over the past decade, a series of high-profile security events brought considerable attention to how our business and personal information is collected, stored and protected. Companies and organizations have responded to public sentiment and government pressure by fundamentally changing the way that confidential information is handled. Attorneys, regulators and lawmakers have responded by creating and crystalizing a whole new category of liabilities: data breach response and privacy liability.

At the same time, an increasingly interconnected world has led to a tidal wave of cybercrime. This new business risk runs the gamut from ransomware and cyberextortion to funds transfer fraud and cybervandalism....

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