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ARTICLE · 01 JULY 2024

The Ever-Evolving World Of Cyber Coverage

Wilson Elser Moskowitz Edelman & Dicker LLP
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The following is a recap of Wilson Elser's May 2024 webinar "The Ever-Evolving World of Cyber Coverage," presented by the authors listed here.

United StatesInsurance

The following is a recap of Wilson Elser's May 2024 webinar "The Ever-Evolving World of Cyber Coverage," presented by the authors listed here. The program delves into rising cyber risks and regulations, trends in first- and third-party coverage, and how insurance policies are responding to developing cyber language.

Rising Risks and Regulations

In today's digital age, corporations have undoubtedly benefited from unprecedented connectivity and convenience due to an increased reliance on digital sectors. As a result, these businesses also are becoming especially vulnerable to cyber risks. In the webinar, Jonathan Meer states that "in this year, there have been more than five billion records compromised in certain cyber breaches," highlighting the magnitude of these risks for both insurers and insureds.1 Businesses are navigating complex cybersecurity risks, ranging from ransomware attacks and wire transfer fraud to pixel tracking and AI vulnerabilities, sparking a

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