SDV Insights

Greg Podolak (SDV’s head of Cyber Risk) was quoted this week in two new LAW360 articles:

In “Four Insurance Takeaways From Lloyd’s Cyberattack Report”, Greg was quoted on his thoughts about the challenges policyholders can face with their cyber insurance policies…

Still, because there isn’t as much of an established track record with cyber incidents as with other perils, it is “hard to look back and say how current modeling stacks up against history,” said Gregory D. Podolak, head of Saxe Doernberger & Vita PC’s cyber risk practice. “As a result, you see a lot of these policies with built-in escape hatches,” Podolak said. “They ask a lot of information about security measures in the application and incorporate those representations into the policy and subsequent iterations, giving the carrier considerable ammunition to pull the ripcord and bail on coverage if it can make a viable argument that a policyholder’s security protocols were not maintained or improperly described.”

Click here to read the entire article (you will need a subscription to LAW360)

In “How To Protect Your Device From Data Disasters” Greg chimed in on why lawyers need to keep their client data protected…

Since a lawyer’s bread and butter is the protection of clients’ information, giving access to your IT team could mean the difference between ruining a client relationship by allowing confidential information to leak, and preserving important business for you and your firm. “One of the core components of the attorney profession is the confidential relationship with the client. We are essentially the keeper of their most sensitive information,” Gregory D. Podolak, a partner with Saxe Doernberger & Vita PC, said.

Click here to read the entire article (you will need a subscription to LAW360)