Entries tagged: cybersecurity

Almost daily, the headlines report new cybersecurity attacks, each more brazen and far-reaching than the last. Businesses may think their general commercial liability policy will cover their losses in the event of a cybersecurity attack, but often learn the hard way that insurance companies frequently deny coverage for these losses. Electronic data is not considered […]

With major data and security breaches consistently making headlines, a thorough investigation of a target company’s security practices is critical to a buyer’s decision to purchase a company. Areas of examination include operational assets, financial data, legal matters, strategic planning, and employee information. Such assessments help potential buyers manage and alleviate risk, liability, and exposure […]

With its vibrant startup community and universities, Long Island is home to incredible technological innovation, and this episode spotlighted some of its gems. Dr. James Hayward, President & CEO of Applied DNA Sciences, demonstrated that he is the rare scientist who understands business and how to commercialize inventions. With Applied DNA, he’s cleaning up and securing the supply […]

Facebook CEO Mark Zuckerberg testified before Congress in April about how a political consultancy had improperly accessed the personal data of nearly 90 million Facebook users.  The Congressional hearings prompted by Cambridge Analytica’s misappropriation of personal data was not the social media company’s first brush with the federal government regarding the protection of user data.  […]

It’s happening more and more these days: massive data breaches are affecting companies that people use on a regular basis for business or personal reasons.  Typically, hackers will infiltrate a company’s security system, exposing sensitive and personal information of that company’s customers.  Lawsuits then follow, typically in the form of a class action.  Back in […]

There is no doubt that effective due diligence is essential in any merger or acquisition of businesses.  Conducting a complete and through investigation of a target company is critical to a potential buyer’s decision to purchase a company, at what price, and subject to what terms, conditions, representations, and warranties. Proper due diligence will cover […]

Are you tired of seeing the word “cyber” inserted in front of everything?  I know I am.  Cybersecurity in healthcare requires security implementation to the modern methods in which we communicate (email and texts), store information (databases and computers), and diagnose and treat disease (medical devices, wearable technology).  The computing power each person now has […]

You are the CEO of a small or medium-sized company and someone from your IT team runs to your office, pale-faced, to tell you that the company’s network has been hacked.  They don’t know how the penetration occurred, when, or whether any data or confidential material has been stolen.  Who do you call first?  Your […]

Companies of all shapes and sizes understand the importance of general commercial liability coverage. But, with the unprecedented rise in cyber attacks—particularly against businesses that collect and store the personal, medical, or financial data of their customers—how many companies have invested in the necessary cybersecurity insurance coverage?  PwC estimates that cyber insurance premiums will reach […]

  On March 1, 2017, the New York financial services industry will awaken to a new regulatory regime designed to set minimum standards for the development and functionality of cybersecurity programs.  The New York State Department of Financial Services’ (“DFS”) proposed cybersecurity regulation (the “DFS Rule”) will cover any institution doing business in New York […]