Sanford & Tatum Blog
All You Ever Wanted to Know About Insurance
Coverage Insights: Differences Between Traditional and Cyber Business Interruption Policies
Friday, April 19, 2024
- Differences Between Traditional and Cyber Business Interruption Policies - When organizations face large-scale disasters or other unexpected losses, ensuring business continuity is often a top priority. Yet, various...
Data Breach Class Actions Skyrocketed in 2023
Monday, April 8, 2024
- Data Breach Class Actions Skyrocketed in 2023 - Data breach class action lawsuits “exploded” in 2023, according to Duane Morris LLP’s Class Action Review 2024, becoming one of the fastest growing areas of litigation...
Cyber Risks & Liability: MGM Cyberattack Emphasizes Need for Layered Digital Defenses
Friday, November 17, 2023
MGM Cyberattack Emphasizes Need for Layered Digital Defenses - The odds are stacked in favor of increasingly bold and sophisticated cybercriminals, as MGM Resorts International and Caesars Entertainment learned back in...
Cyber Update: MGM Cyberattack Emphasizes Need for Layered Defenses
Tuesday, October 10, 2023
MGM Cyberattack Emphasizes Need for Layered Defenses - The odds are stacked in favor of increasingly bold and sophisticated cybercriminals, as MGM Resorts International and Caesars Entertainment learned this week,...
Legal Update: SEC Adopts Final Rules for Public Companies’ Cybersecurity Disclosures
Monday, September 25, 2023
- - SEC Adopts Final Rules for Public Companies’ Cybersecurity Disclosures - On July 26, 2023, the U.S. Securities and Exchange Commission (SEC) published final rules to enhance and standardize how companies disclose...
Cyber Update: Average Data Breach Costs $4.4M
Thursday, August 24, 2023
- Average Data Breach Cost Hits All-time High of $4.4M - According to IBM’s annual Data Breach report, the average cost of a data breach reached an all-time global high of $4.45 million, up 2.3% from 2022 and 15.3%...
Cyber Liability: The Value of Cyber Insurance
Tuesday, August 15, 2023
- The Value of Cyber Insurance - As cyberattacks become more frequent and costly, it’s crucial for organizations to maximize their financial protection against related losses by purchasing sufficient insurance. Cyber...
Cyber Liability: Preventing Data Theft by Departing Employees
Monday, May 15, 2023
When employees leave a company, there is a heightened risk of data theft, which is also known as data leakage or exfiltration. This risk is present whether an employee’s departure is voluntary or not. The consequences...
Cyber Liability: 9 Cyber Risk Questions Every Board Should Ask
Tuesday, May 2, 2023
When a data breach or other cyber event occurs, the damages can be significant, often resulting in lawsuits, and serious financial losses. What’s more, cyber exposures impact businesses of all kinds, regardless of their...
Cyber Liability: Creating a Cybersecurity Culture
Tuesday, November 22, 2022
Employees are an organization’s first line of defense against cybercriminals. For this reason, they are also commonly targeted. In fact, the vast majority (88%) of data breaches are caused by employee mistakes,...
Cyber Risks & Liabilities
Friday, June 18, 2021
The Importance of a Standalone Cyber Insurance Policy - Over the course of the past decade, many organizations have relied on standard property and liability coverage rather than a standalone cyber insurance policy to...