Is there insurance coverage when a company’s data goes viral? Maybe. This article explains the traditional insurance products that may provide a policyholder with insurance coverage for data breaches, and some of the newer products available to policyholders for these risks. It also considers the mixed law developing around these matters, analyzing the recent New York trial court decision in Zurich American Insurance Co. v. Sony Corporation involving a dispute relating to coverage for a data breach under a commercial general liability policy for a hacking incident.
1.29.2015