Autor: |
Reetz, Margaret A., Zimolzak, Joanne L., Sutton, Roberta Anderson |
Předmět: |
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Zdroj: |
Brief; Winter2020, Vol. 50 Issue 2, p24-31, 8p, 1 Color Photograph |
Abstrakt: |
Instead, as noted, the terms included "data stored on such media" as a subcategory of covered property.[48] Thus, the court concluded that the plain language of the policy contemplated that "data and software are covered [property] and can experience 'direct physical loss or damage.'"[49] Without reference to any specific citations, the court commented that this interpretation "comports with [that] reached by the majority of courts interpreting similar policies." The cases primarily arise out of policy-holders seeking coverage under commercial general liability policies or a commercial multiple peril policy (which includes employment practices and directors/officers coverages).[62] One of the matters, Zurich v. Omnicell,[63] initially was stayed pending resolution of the underlying matter. Following the filing of the class action, iCan provided its insurer, Liberty, with a copy of the lawsuit and requested a defense and indemnification under the policy terms. With the continuing threat from new and evolving cyber risks, entities will seek to pursue recovery for liabilities and losses from a variety of available sources.[1] This is particularly true in light of recent events, with reports confirming that cyberattacks have increased precipitously during the COVID-19 pandemic as cybercriminals have attempted to exploit network vulnerabilities resulting from the increase in remote working environments.[2] Although specific cyber policies have been in the marketplace for over two decades,[3] not all entities have the most up-to-date policy forms, and not all entities purchased either specific cyber coverage or the relevant cyber coverage. [Extracted from the article] |
Databáze: |
Complementary Index |
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