Facebook’s Blackout Highlights Cyber Insurance Issues – Law360 Turns to a Pasich Attorney
On October 4, 2021, Facebook and other of its social networks suffered a six-hour blackout that could have insurance implications given the resulting losses suffered by businesses that rely on its platforms and shareholders. In an interview with Law360, a Pasich attorney explained that if companies that rely on Facebook's technology to operate sue the social network, Facebook may be able to tap into third-party cyber liability coverage.
“That may involve [the insurer] providing [a] defense to Facebook, paying for counsel to defend Facebook in these suits,” they said.
Read the full Law360 interview here (subscription required).