Category Archives: Uncategorized
Cyber Insurance cover may not be available if there is “Negligence”
In the context of huge regulatory fines envisaged under GDPR, there is a renewed interest in Cyber Insurance among Data Processors everywhere. Since liability under GDPR may arise not only for payment of compensation to data owners but also for … Continue reading
Bajaj Alliance Launches Cyber Insurance policy for individuals
Bajaj Alliance Insurance has announced the launch of a Cyber Insurance Policy for individuals which could be the first such cover in India. We have been advocating such a policy for a long time and welcome this development. As per … Continue reading
CCAI India Privacy Summit 2017 at Bangalore… and Cyber Insurance
A high profile Privacy Summit had been organized at Taj West End by CCAI (Corporate Counsel Association of India) along with IAPP in which several issues of Privacy were discussed in the emerging technology environment. The undersigned participating in one … Continue reading
WannaCry creates awareness of Cyber Insurance
The recent ransom ware attacks with Wanna Cry have woken up the Indian corporate sector to the needs of having Cyber Insurance as a means of recovering the losses arising out of such attacks. I refer to the article in … Continue reading
If China can have a PRC law, Can we not too have a similar law?..for Insurance?
Insurance is a vintage industry in India but Cyber Insurance is yet to develop in both its usage and structuring. One of the most difficult aspects of an Insurance contract is how do we interpret the Uberrimae fedei nature of … Continue reading
Cyber Insurability Index.. to measure how good are you for Cyber Insurance
Cyber Insurability is defined as ” A measure of maturity of an organization for a Cyber Insurance Company to provide a Cyber Insurance Cover”. The perspective is from the Cyber Insurance Company which has to assess the proposed Insurer, accept … Continue reading
India Cyber Insurance Survey Results To be released in January 2016
The first ever study of the Indian Cyber Insurance Industry-2015 throwing up the perception of the industry on what they want from the Cyber Insurers is ready for being released some time in January 2016. The study undertaken by the … Continue reading
Data Breach Notification Policy helps Cyber Insurance Industry
Data Breach Notification Policy is a mandatory policy under certain regulations such as HIPAA/HITECH Act and is being increasingly used by different regulatory agencies. The essence of the policy is that when a potential data breach is discovered in a … Continue reading
Cyber Liability Insurance..What it is?
In US it is stated that 46 of the 50 states have made Data Breach Notification mandatory. As a result when a data breach even occurs the company needs to conduct an in house audit and then send out notifications … Continue reading
Why Cyber Insurance seekers need to do better home work..
Naavi has been advocating that companies need to start using Cyber Insurance in India though the current level of awareness as well as the penetration is low. In these circumstances, the news that BitPay, a Bitcoin processor could not recover … Continue reading