The U.S. Court of Appeals for the 4th Circuit has recently weighed in on the applicability of standard-form, first-party property policies to the loss of computer data, finding such data loss resulting from a hacker attack by a former employee of the insured to be covered property damage.
Hacker Attack: Data Loss Considered Covered Property Under First-Party Policy
The U.S. Court of Appeals for the 4th Circuit has recently weighed in on the applicability of standard-form, first-party property policies to the loss of computer data, finding such data loss resulting from a hacker attack by a former employee of the insured to be covered property damage. <i>NMS Services, Inc. v. The Hartford,</i> No. 01-2491, 2003 WL 1904413 (4th Cir., April 21, 2003)
By
Robert E. Johnston
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