Scott Godes, from Barnes & Thornburg’s Policyholder Insurance Recovery Group, was recently quoted in Advisen's Cyber Risk Network Weekly Download’s article, “As technology expands, so does liability.”
As technology evolves, hackers are finding new ways to exploit vulnerabilities and organizations could face liability for failures in the security of their products or privacy violations due to them.
Insurers should “write broader policies,” to reflect the changing technological environment, according to attorney Scott Godes. “If you’re going to sell a policy to a company, you want to give them true peace of mind. Policies should be sufficiently elastic to encompass this changing landscape, rather than trying narrowly tailor what you’ll offer based on what you’ve seen in the past few years.”Read more about how companies can respond to today’s changing technological environment.
