Tag Archives: liability

Cyber Crime, Cyber Liability and Cyber Liability Insurance

The simple fact is that when it comes to cyber security, no one can claim to be 100%, ironclad safe insofar as protection of data. If it is not hackers then it could be an internal breach from, say, a disgruntled employee. As a general manager, it is your responsibility to your guests as well as to your owners to take both the appropriate precautionary steps in protecting data, but also to consider means of mitigating damages to the company in the event of a loss.

    I recently had an opportunity to discuss the issue of cyber liability insurance with Bobby Horn, an associate director at Crystal Company, a national insurance brokerage with significant experience in the hotel sector. While his responsibilities encompassed a much broader field, I wanted to drill down on the specifics of cyber insurance.

    “It used to be property liability that was the primary issue

    Read more at: https://www.hospitalitynet.org/opinion/4085267.html

The cyber liability insurance market rises

How cyber is covered depends on the needs of the insured. (Photo: Shutterstock)
How cyber is covered depends on the needs of the insured. (Photo: Shutterstock)

As reports about cyber risk in the press and board agendas abound, companies are looking to manage that risk. Even with mitigation, risk always remains.

cyber insurance program covering those losses is increasingly seen as part of the solution.


Read more at: http://www.propertycasualty360.com/2017/09/19/the-cyber-liability-insurance-market-rises

Parents test school liability in bullying and child suicide – Sentinel

CINCINNATI – The parents of an 8-year-old Ohio boy who hanged himself from his bunk bed with a necktie want school officials held responsible, testing the issue of school liability in suicides blamed on bullying.

The wrongful death lawsuit filed by the parents of

Read more at: http://www.sent-trib.com/news/state/parents-test-school-liability-in-bullying-and-child-suicide/article_d3279aea-e7ba-5580-9c5c-0bbdaf7d550c.html

Parents test school liability in bullying and child suicide

CINCINNATI (AP) — The parents of an 8-year-old Ohio boy who hanged himself from his bunk bed with a necktie want school officials held responsible, testing the issue of school liability in suicides blamed on bullying.

The wrongful death lawsuit filed by the parents of Gabriel Taye against Cincinnati Public Schools and school officials cites repeated examples of Gabriel and others being bullied at his elementary school. They contend school officials knew about the bullying but were “deliberately indifferent,” allowing a “treacherous school environment.”

Knowledge of harassment and failure to do something are among elements set out in a 1999 U.S. Supreme Court ruling for school liability cases.

“The deliberate indifference standard set forth (by the Supreme Court) sets a high bar for plaintiffs,” a 2016 opinion by a three-judge panel of the 6th U.S. Circuit Court of Appeals says. “It requires only that school administrators respond to known peer harassment in a

Read more at: http://www.stltoday.com/news/science/parents-test-school-liability-in-bullying-and-child-suicide/article_333f689a-2957-5d83-9735-70413115d22a.html

The Changing World of Cyber Liability Insurance

In May, a piece of ransomware known as “WannaCry” paralyzed businesses, government entities and Great Britain’s National Health Service in one of the largest global cyberattacks to date.

The following month, it was “Petya,” another massive cyberattack that crisscrossed the globe, bringing Russian oil companies, Ukrainian banks and a mass of multi-national corporations to their collective knees.

Read more at: http://www.cutimes.com/2017/08/04/the-changing-world-of-cyber-liability-insurance

Cybernance Receives Risk and Liability Protection Via DHS SAFETY Act

AUSTIN, Texas–(BUSINESS WIRE)–Cybernance Corporation, a provider of cyber risk governance technology solutions, today announced that the U.S. Department of Homeland Security (DHS) has granted the Cybernance Platform a SAFETY Act award. Cybernance is one of the only cyber risk governance platforms that has received this award, which provides a high level of liability and risk management protection from third-party action in the event of an act of cyber terrorism.

The SAFETY Act is a federal law enacted to encourage the development and deployment of anti-terrorism products and services, including cybersecurity solutions. The SAFETY Act provides liability and risk management protections to sellers of Qualified Anti-Terrorism Technologies (QATT) by capping or even eliminating third-party liability in the event of an act of terrorism, and this protection extends to customers who purchase and use products or services that have received a SAFETY Act award. Cybernance’s SAFETY Act award provides this

Read more at: http://www.darkreading.com/risk/cybernance-receives-risk-and-liability-protection-via-dhs-safety-act-/d/d-id/1328515

Cybernance Brings Risk and Liability Protection to Customer …

AUSTIN, Texas–(BUSINESS WIRE)–

Cybernance Corporation, a provider of cyber risk governance technology solutions, today announced that the U.S. Department of Homeland Security (DHS) has granted the Cybernance Platform a SAFETY Act award. Cybernance is one of the only cyber risk governance platforms that has received this award, which provides a high level of liability and risk management protection from third-party action in the event of an act of cyber terrorism.

The SAFETY Act is a federal law enacted to encourage the development and deployment of anti-terrorism products and services, including cybersecurity solutions. The SAFETY Act provides liability and risk management protections to sellers of Qualified Anti-Terrorism Technologies (QATT) by capping or even eliminating third-party liability in the event of an act of terrorism, and this

Read more at: http://finance.yahoo.com/news/cybernance-brings-risk-liability-protection-121300537.html

Cybernance Brings Risk and Liability Protection to Customer Companies Through New DHS SAFETY Act Award

AUSTIN, Texas–(BUSINESS WIRE)–

Cybernance Corporation, a provider of cyber risk governance technology solutions, today announced that the U.S. Department of Homeland Security (DHS) has granted the Cybernance Platform a SAFETY Act award. Cybernance is one of the only cyber risk governance platforms that has received this award, which provides a high level of liability and risk management protection from third-party action in the event of an act of cyber terrorism.

The SAFETY Act is a federal law enacted to encourage the development and deployment of anti-terrorism products and services, including cybersecurity solutions. The SAFETY Act provides liability and risk management protections to sellers of Qualified Anti-Terrorism Technologies (QATT) by capping or even eliminating third-party liability in the event of an act of terrorism, and this

Read more at: http://finance.yahoo.com/news/cybernance-brings-risk-liability-protection-121300537.html