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The kinds of cyberinsurance coverages that interest me the most are the kinds that provide coverage to individual people. The risks that most concern me, and that I want to address in this space, are risks to individuals from the vulnerabilities of individuals and from attacks on and bad practices of corporations which affect individual people.
The magnitude of these risks is exemplified by the types of data subject to cyber-risks, including:
- Social Security numbers.
- Names.
- Phone numbers.
- EMail addresses.
- Passwords to EMail accounts, bank accounts, and virtually every other kind of account available on the Internet today.
- Employment benefits.
- Income tax returns.
- Work history.
- Salaries and payroll records.
- Medical and dental information.
- Passports.
- Travel receipts and itineraries.
- Maps obtained online with directions for travel, particularly directions for use on certain days at certain times.
See generally Edward Lucas, Cyberphobia (2015).
None of these things determines a cyberinsurance coverage question.
Do they affect settlements? Absolutely.
Affect trial outcomes? Certainly.
But not cyberinsurance coverage questions. The things that do affect the outcome of cyberinsurance coverage questions will be discussed in future articles posted here.
Please Read The Disclaimer. ©2016 by Dennis J. Wall, author of "Insurance Claims and Issues" (forthcoming Thomson Reuters 2016). All rights reserved.
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