As ransomware attacks have increased, many affected businesses have turned to their insurance carriers to offset the staggering monetary impact caused by these incidents. The growing number of attacks and claims has brought with it a rise in resulting litigation, with courts across the country considering issues of first impression regarding the scope of coverage for ransomware attacks under different types of policies. In this guest article, Cohen Ziffer attorneys Alexander Sugzda and Cindy Jordano discuss how courts have recently addressed coverage for losses suffered by policyholders after a ransomware attack and practical considerations for companies to ensure their policies provide broad coverage for this type of incident. See: https://www.cslawreport.com/18513211/cyber-insurance-litigation-trends-amid-rising-ransomware-attacks.thtml (November 10, 2021).
Policyholders’ Heaviest Hitters | Attorneys | New York