K&L Gates Discusses D&O Insurance for Cyber Liabilities

Scarcely a day goes by without news headlines reporting yet another data breach or cyber crime incident, which can have devastating consequences for any business in terms of both reputation and balance sheet.  A cyber incident may also have serious additional consequences for the directors and officers of the affected business, including shareholder lawsuits, regulatory investigations and sometimes even criminal investigations.  Directors and officers (“D&O”) insurance is designed to provide coverage for these types of liabilities, but existing policies may not have been written with cyber liabilities in mind.  This article discusses the cyber-related risks directors and officers may face … Read more