INSURANCE LAW BLOG

Cyber-insurance: Mitigating the dreaded Friday night phone call

By: , and

Dec 20, 13

Every in-house counsel dreads the telephone call on a Friday evening that starts with the words “I’m glad I found you.” That’s especially true if that telephone call informs the in-house counsel about the newly terminated IT department employee who was able to access the company’s confidential data systems 30 minutes before his access was deactivated. At that point, in-house counsel knows she is in for a long weekend and weeks or months of investigation, mitigation and possibly recriminations. Of course, there are two more questions that may be forgotten in this moment of crisis but will be asked soon enough: “How much will the investigation and remediation cost?” and “Who pays?

This article was originally published in Inside Counsel.  To read the entire article, please click here.

 

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