Issues to Consider When Evaluating Cyber Coverage in Light of the CCPA and Other State Privacy Laws

摘要

With the CCPA now in effect, companies that have not done so already should reach out to their outside counsel and brokers to understand what coverage they have, what coverage they think they need and the cost/ benefit to buying additional cyber coverage. The following are points companies should consider as they reevaluate their cyber insurance coverage in light of the CCPA and other state privacy laws: 1. Prepare, or ask your broker to prepare, an overview of your current cyber coverage, including whether it includes "compliance" coverage, permits recovery of costs related to an investigation where no underlying cyber incident is discovered (even if no official action is taken by a regulator), covers unauthorized access by employees, includes litigation costs and similar key issues.