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CISOs confront significant personal civil and criminal liability in connection with their handling of breaches and associated disclosures.
The 89 lawsuits against a corporate defendant in 2023 that resulted in a nuclear verdict of at least $10 million is the largest number of such cases in a single year since 2009.
The court determined that letters contesting liability must be delivered, not just mailed, within 28 days.
Global tax services provider Ryan has already filed suit in a Texas federal court claiming this action exceeds the FTC's statutory authority.
Homesite Insurance paid the homeowners $691,305.12 under the terms of their insurance policy, according to the complaint.
The volume of insurance-carrier lawsuits is down in the Sunshine State.
Several years of data has emerged showing risk and loss patterns, making marijuana business policies easier to price competitively.
In 2023, the Texas Dept. of Insurance issued Go a cease and desist after receiving over 50 complaints about the company's practices.
Insurers now issue stricter policy language and insert more sub-limits and exclusions into cyber coverage.
The court found the potential for coverage because the policy applied to two structures on the same undivided parcel.