Oct 10 2024 18 mins
On this episode of “Don’t Take No for An Answer,” Lynda A. Bennett, Chair of Lowenstein’s Insurance Recovery Group, speaks with David Anderson, Vice President of Cyber at Woodruff Sawyer, about the difference between operational technology (OT) and informational technology (IT). They discuss how system failures or cyber-attacks on a company’s OT system may not only give rise to risks to data security, but also may have real world consequences, from business interruption and wasted inventory to physical injury and environmental damage. Lynda and David stress the need for policyholders to carefully understand and negotiate their cyber insurance coverage to cover all potential OT impacts—preferably at the purchase phase, and not after a failure has occurred.
Speakers:
Lynda A. Bennett, Partner and Chair, Insurance Recovery
David Anderson, CIPP/US, Vice President, Cyber Liability, Woodruff-Sawyer & Co