COVID-19 Cybersecurity and Insurance Coverage
By Peter Halprin and Jacquelyn Mohr
This article originally appeared in the New York Law Journal on April 20, 2020.
While COVID-19 has plagued the world with deaths and forced more than a billion people to stay at home under various orders of civil authority, cyber criminals have not exited the scene. Instead, they are exploiting vulnerabilities created by the large number of persons working at home and launching targeted attacks on COVID-19-related medical facilities.
According to a recent report by Beazley, an insurer that sells cyberinsurance and reported a 131% increase in ransomware attacks in 2019, “[c]yber criminals are getting more creative and purposeful by the day.” This is certainly true in the current environment.
In February, it was reported that cyber criminals were sending emails, allegedly on behalf of the Center for Disease Control and Prevention (CDC), with malicious links.
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