Although it appears relatively seamless (and perhaps beneficial) to the end user, the shift to the cloud brings a seismic change in terms of ownership of the technology components and ultimate control of the data.
As the risk of cyberattacks grows, and procuring cyber insurance coverage becomes more difficult, policyholders have tried to rely on non-cyber policies to cover their cyber-related losses.
Today more than ever, D&O coverage can be a vital risk transfer mechanism for businesses seeking to obtain protection in the face of the evolving labyrinth of statutes, regulations and common law rules.