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Read the Fine Print
The difficulties of securing important company and customer data are not new to franchised businesses, but the scale of the problem continues to increase. A new white paper by insurance consultants Peter R. Taffae and M. Damien Magnuson indicate another threat: inadequate insurance coverage when security breaches occur. See, “What Every Insurance Professional Must Know About Network Security and Privacy Liability,” 2nd ed., Peter R. Taffae and M. Damien Magnuson, ExecutivePerils.
Insurers are adding new restrictions to their cyber liability coverage, even as industry executives incorrectly assume that their standard insurance policies provide them with protection. “While limited coverage for some privacy, media or data breach exposures may be included in 'traditional' insurance programs comprised of commercial general liability, umbrella liability, fidelity/crime, and kidnap, ransom and extortion policies, there will inevitably be substantial gaps and plenty of room for coverage disputes,” wrote Taffae and Manguson. “Most underwriters of traditional types of insurance contend that it is not the intent of these policies to pick up cyber exposures. Changes have been made, and are continuing to be made, to these forms to clarify the intent not to cover cyber exposures.”
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.