Bloomberg Law To Unveil New Cyber Insurance Practical Guidance At IAPP P.S.R Conference

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- Bloomberg Law announced that it will introduce new practical guidance for understanding and obtaining cyber insurance at the Privacy. Security. Risk. (P.S.R.) 2017 conference hosted by the International Association of Privacy Professionals (IAPP) on October 16-18 in San Diego, California. Bloomberg Law (Booth #20) is the Palladium Sponsor for the conference and is also participating in a panel about the European Union's looming new General Data Protection Regulation privacy regime.

Emerging and increasing cyber threats have resulted in a burgeoning field of insurance coverage options, which are distinct from other insurance contracts and require careful consideration. To meet this growing need, Bloomberg Law's cyber insurance content, authored by Sergio F. Oehninger, Patrick M. McDermott and Walter J. Andrews of Hunton & Williams LLP, provides step-by-step and task-based expert guidance. This practice guide, Cyber Insurance, provides guidance on negotiating and obtaining cyber insurance coverage, identifying and quantifying risk, best practices for preventative cyber security measures and business continuity plans, and coordinating and communicating with the insurer as part of incident response.

"Recent cyber events continue to prove that prevention is very difficult," said Oehninger of Hunton & Williams. "Managing cyber risk is therefore about resilience and recovering quickly, efficiently, and cost-effectively so that a company can continue its operations. Cyber insurance is a key component of any effective, comprehensive cyber risk management program. We have collaborated with Bloomberg Law to provide this practical guidance solution to help companies mitigate risk through insurance and navigate the complex issues involved within the framework of business continuity."

"Law firms and legal departments are focused on privacy and cyber security more than ever before," said Brian Kudowitz, commercial director for Bloomberg Law. "Bloomberg Law arms these professionals with the expert perspectives, resources and data to make informed decisions and keep abreast of global privacy laws, regulations and enforcement actions."

Also at the conference, Bloomberg Law Senior Legal Editor Jimmy Koo is moderating a panel, "Don't Panic! The Hitchhiker's Last Minute Guide to the GDPR Galaxy," on Tuesday, October 17, focused on how companies should prepare for the GDPR's strict new consumer consent rules.

The new Cyber Insurance practice guide is a powerful addition to Bloomberg Law's other resources, including the GDPR Developments tool, which provides one-stop-shop access to GDPR implementation monitoring and guidance, news, and analysis. To learn more about the full suite of privacy and data security news, practical guidance and time-saving practice tools available on Bloomberg Law, visit http://on.bna.com/M36P30fOclC.