News, opinions and analysis to assist in professional liability risk management from the Technology, Media and Business Services Group.
From the underwriting desk
Best’s Review
Al Slavin of Best’s Review recently interviewed Beazley underwriter Nick Economidis regarding how data and information breaches are fueling a market evolution for cyber liability coverage. View the interview here.
FTC Red Flags Rules Update
The Federal Trade Commission has agreed to postpone enforcement of the Identity Theft Red Flags Rule for physicians. The latest update on enforcement of the Red Flags Rule may be found here: Red Flags: No Delay for Credit Unions.
Recent Headlines
Data security and privacy
UH computer breach may have compromised 53,000 people
Connecticut AG reaches agreement with Health Net over data breach
Beach schools report computer security breach
UM Counseling Center servers hacked
Apple bans apps after iTunes breach
Medical insurer warns 70,000 Georgians of security breach
Media liability
Judge dismisses Viacom’s $1 billion copyright suit against YouTube
Marquee nightclub sues AMC theater chain for trademark infringement
Labels Take on Porn Biz in Copyright Lawsuit
Trademark infringement alleged against Crayola
Playboy Sues Drake for Copyright Infringement
Technology risk issues
Post Bank’s ATM glitch repaired
DMV Experiencing Computer Outages
Oklahoma Business Briefs: Computer glitch hampers Bank of Oklahoma
Singapore Bank Suffers Massive IT Failure
Computer glitch creates snag in Medicaid reimbursements
This newsletter is intended for informational purposes only and does not provide legal advice. You should consult your legal advisor if you have questions or concerns relevant to your specific situation. Any references to conferences or links to web sites not sponsored by Beazley is for informational purposes only and is not an endorsement of the activity or site.
Beazley offers a variety of information security & privacy insurance products, including the Beazley Information Security & Privacy Beazley offers a variety of information security & privacy insurance products, including the Beazley Information Security & Privacy Insurance With Electronic Media Liability Coverage (“Beazley InfoSec”). Beazley InfoSec is available on an admitted basis in a limited number of states. Where information security & privacy insurance is sold on a surplus lines basis, this coverage must be produced through a properly licensed surplus lines broker.