Ep. 92 The Value of Cyber Conferences and Unforeseen Consequences of Vendor Breaches

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In this episode, we discuss the value of cyber conferences (shout out to NetDiligence®, Zywave, IAPP, @PLUS, ExecuSummit, and all the others I missed). Beyond the educational sessions, the informal discussions that take place behind the scenes contribute significantly to our understanding of legal, market, and security trends. The collaborations formed, and the authentic connections made within the industry provide invaluable benefits for all attendees.

I can’t neglect a special shout-out to meeting Shawn Melito in a buffet line at a Zywave conference in 2019, discussing the pros and cons of pasta salad. 

Further, we dive into the unforeseen consequences of catastrophic vendor breaches. Is the market ready for a vendor to throw its hands up, declare bankruptcy, and push all notification obligations to its insureds? Is the market ready for the mass-scale class actions that would follow? Do insurers need to start thinking about sublimits for these types of events? 

I would love to get everyone’s thoughts so keep the questions, calls, and comments coming! E-mail me at spollock@mcdonaldhopkins.com or call me at 410-917-5189.