The Equifax Hack: Cyber Intrusions Pose Special Risks for Corporate Managers — Making Insurance Coverage Essential

Originally published in Anderson Kill's Cyber Insurance Alert, September 2017

From a risk management point of view, there are plenty of lessons to be learned from the recent data security compromise at Equifax.

1. No one is immune from a cyber attack. Whether you are an individual, public company, government authority, health care provider, utility, or law firm, someone wants in. The attack vectors are numerous and creative, thus cyber risk can never be entirely contained.\\
2. If you are an officer or director and sell stock during the throes of a breach (especially before public disclosure), the timing will look bad to regulators, investors and the public — even where purely coincidental.