WHAT'S $1.4 BILLION BETWEEN FRIENDS? Social media behemoth Meta Platforms recently settled a lawsuit with the state of Texas arising out of the company's use of facial recognition technology to collect biometric data on Facebook users. In this episode, David discusses why this landmark settlement can be expected to have limited impact upon the Cyber insurance market, and also provides some tips for businesses looking to make the most of their coverage.

AI COMES TO THE WORLD OF INSURANCE! On July 11, the New York State Department of Financial Services issued a circular designed to regulate the use of Artificial Intelligence by insurance companies with an eye toward preventing unlawful discrimination. In this episode, David provides an overview of the new requirements and discusses what coverage might apply to claims arising out of the use of AI by insurers.

CROWD STRUCK! In this episode, David discusses the insurance and legal implications of the widespread outages facing businesses as a result of a flawed update to Windows-based systems by a global cybersecurity firm.

LOST IN THE CLOUD! A data breach at a cloud service provider has put the personal information of millions of Americans at risk, including customers of a major telecommunications company. In this episode, David discusses the implications of the leaked data, and drives home the importance of vendor management.

NOT A GET OUT OF JAIL FREE CARD! The new cybersecurity guidance released by the Securities & Exchange Commission makes clear that the availability of cyber insurance does not relieve a company from conducting a materiality assessment around whether to disclose a cyber incident pursuant to an 8-K. In this episode, David explains the mechanics of what needs to be assessed, and offers a recommendation to help companies become more resilient to cyber attacks.

TRACKING TROUBLES. A recent order by the Federal Trade Commission imposes stiff penalties on a software provider that played fast and loose with customer data. In this episode, David provides an overview of the FTC's enforcement action, and discusses the importance of policy wording.