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White Paper

4 Pages
  • 4 Pages

After a Ransomware Attack, Does Property Insurance Cover Damaged Software and Hardware?

 

What does this mean for corporate policyholders and insureds?

Do traditional insurance policies provide coverage for losses due to cyberattacks and cybersecurity events? That question is the so-called “silent cyber” issue in a nutshell. Silent cyber is the idea that coverage for cybersecurity-based losses can be found outside of cyber insurance policies. This white paper reviews a recent decision that says yes, it can and discusses takeaways from the case.

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After a Ransomware Attack, Does Property Insurance Cover Damaged Software and Hardware?

Agenda

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After a Ransomware Attack, Does Property Insurance Cover Damaged Software and Hardware?

Faculty

Scott N. Godes

Barnes & Thornburg LLP

Scott N. Godes is a veteran trial lawyer with experience litigating – in and out of trial – matters involving insurance coverage, technology and Section 337 of the Tariff Act before the International Trade Commission (ITC). He is a partner in Barnes & Thornburg LLP’s Washington, D.C., office and is a member of the firm’s Litigation Department, co-chair of the Data Security and Privacy Practice Group, and a member of the Insurance Recovery and Counseling Group, the Internet & Technology Law Group and the Federal Procurement Practice Group.

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After a Ransomware Attack, Does Property Insurance Cover Damaged Software and Hardware?

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