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Untangling the Mystery of Cybersecurity Insurance
IT security professionals used to warn that only two types of businesses exist: those that have been hacked, and those that will. Now, many are even more pessimistic and divide the world's businesses into companies that know that they have been hacked, and those that don't.
While it is unlikely that every company has experienced a data breach (whether known or unknown), no business is immune from this threat. Cyber incidents have become the third largest risk to businesses worldwide according to a recent report from the Insurance Information Institute. These cyber threats impact both small and large businesses, non-profit and publicly traded corporations, and even local and federal governments. The actors behind these threats are as wide-ranging as their targets. In recent years we have seen state-sponsored attacks against businesses for political purposes, hacktivists seeking social change, and a plethora of individual attacks for financial gain. The recent spate of high profile breaches show that many of these incidents play out very publicly, and may have devastating and long lasting consequences.
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The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
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