Any business leader who’s not concerned about the threat of a cyber attack should consider the action the United States took yesterday against China to combat hacking in the private sector. If you haven’t heard, a U.S. grand jury indicted five members of the Chinese military for cyber espionage — accusing them of hacking into U.S. businesses and stealing trade secrets. No one knows if the accused will be apprehended or how the charges could affect U.S.-China relations. But one thing is clear: Cyber attacks have become a major issue around the world.
This Thursday, May 22, the issue of cyber risk, including cyber attacks, legislative and regulatory cyber developments, and cyber insurance, will be discussed at the Business Insurance® Cyber Risk Summit in Washington, D.C. I will be a panelist at the session entitled “Are You Covered?” which will look not only at cyber policies currently available but also at the recent data breach–related endorsements that ISO introduced for its commercial liability policies.
If you have any questions about the recent data breach–related endorsements, e-mail me at email@example.com. If you want to learn more about ISO’s cyber insurance program, e-mail Shawn Dougherty at firstname.lastname@example.org or Jason Bucher at email@example.com.
See you at the conference!