Emerging Issues in Cyber Insurance Law CLE, West Legal Education Center Audio Broadcast
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Sophisticated cyberattacks that have jeopardized billions of dollars worth of economic value creation and rapidly evolving cybersecurity and information privacy laws creating significant exposure for businesses in countless sectors have made cyber insurance a necessity for many if not most businesses. This program will explain the emerging legal landscape regarding cyber insurance coverage including pending litigation regarding whether cyberattacks linked to foreign governments are subject to policies' "act of war" exceptions, legal exposure for cyberattack victims under newly enacted data security and privacy laws such as the California Consumer Privacy Act (CCPA) and European Union General Data Protection Act (GDPR), and the tort law implications of cyberattacks. This program will also outline the steps businesses can take to proactively assess, remediate, and guard against cybersecurity risks and protect themselves with cyber insurance as well as the steps insurers can take to minimize their insureds' cyber risk and ensure compliance with data privacy and security laws.