Instant Insights / October is National Cybersecurity Awareness Month

The COVID-19 pandemic has revealed new cyber threats. Now's the time for insurance professionals and insureds to reexamine cybersecurity strategies and coverage.


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Hacker's hands on a computer keyboard In recent years, more than half a dozen securities and shareholder derivative lawsuits were brought against companies and/or their directors and officers arising out of an underlying data breach. (Photo: Dmytro Tyshchenko/Shutterstock)

Following multiple cybersecurity incidents that allegedly affected millions of patients at LabCorp, which operates one of the country’s largest clinical laboratory networks, a shareholder filed a lawsuit against certain of the company’s directors and officers.

The lawsuit against LabCorp’s directors and officers is part of a growing trend of claims against directors and officers of companies arising out of data breaches or other cybersecurity incidents.

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