Ransomware Victims Get New Path To Coverage In Md. Ruling
Law360 (January 27, 2020, 8:21 PM EST) -- A Maryland federal judge recently ruled that an embroidery company’s property insurance policy covers the replacement of its computer system following a ransomware attack, a first-of-its-kind decision that indicates policyholders can turn to traditional insurance to defray costs associated with hackers’ schemes.
In a Jan. 23 order, U.S. District Judge Stephanie A. Gallagher held that State Auto Property & Casualty Insurance Co. must cover National Ink & Stitch LLC’s costs to buy a new server and computers after the 2016 ransomware strike. The judge agreed with National Ink that the attack resulted in “direct physical loss of or damage to” the...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!