Tag Archives: Hacking

Hunton Insurance Head Walter Andrews Comments on Medidata Coverage Win

Hunton & Williams insurance practice head Walter Andrews commented in a July 25, 2017, Law360 article concerning a New York federal court’s recent decision in Medidata Solutions, Inc. v. Federal Ins. Co., where the court found coverage for a $4.8 million “social engineering” loss that occurred after Medidata received fraudulent emails that caused accounting personnel … Continue Reading

Chubb Owes $4.8M for Medidata Social Engineering Loss

A federal judge in New York awarded summary judgment on Friday in favor of Medidata Solutions, Inc., finding that Medidata’s $4.8 million loss suffered after Medidata was tricked into wiring funds to a fraudulent overseas account, triggered coverage under a commercial crime policy’s computer fraud provision and funds transfer fraud provision. The award comes after District … Continue Reading

If You Don’t “WannaCry” After A Cyber Attack, Review Your Cyber Insurance Coverage

Beginning last Friday, and still occurring today, one of the worst and most widespread malware attacks has impacted more than 200,000 victims in at least 150 countries, including Britain’s National Health Service, FedEx, telecommunications companies Telefonica and Megafon, and automakers Renault and Nissan. The malware, known as “WannaCry,” disables the user’s computer system and all … Continue Reading

Digital Due Diligence: Hunton Attorneys Discuss Four Critical Questions To Ask When Evaluating Cyber Insurance Coverage

Cyber and crime insurance policies have been heavily recommended to address the growing prevalence and types of cyber risks. My colleagues Walter Andrews and Jennifer White recently authored an article appearing in Risk Management discussing how the purchase of cyber and crime insurance policies alone is not enough to successfully manage these risks. These policies … Continue Reading
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