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Key Facts from Cost of Data Breach Study conducted by the Ponemon Institute, LLC sponsored by IBM
Tags: Hedge Funds, Insurance, insurance, Breach, Cost, cyber, Cyber & Privacy Liability, data, financial services, hedge fund, IBM, Ponemon Institute, Record, security, United States
Most Money Management Firms purchase blended D&O and E&O Insurance Policies under the assumption that they are covered in the event an outside shareholder brings a lawsuit alleging mis-management or breach of fiduciary. While they may be right, there are a variety of policy provisions that could preclude coverage in the event of litigation.
Tags: Hedge Funds, Insurance, Advisory Board Member, Breach, Directors & Officers Liability, Errors and Omissions, Fiduciary, financial institutions, hedge fund, Insurance Protection, Iron Cove Partners, Lawsuit, Liability, louis d'agostino, Management Company, Partner, Shareholder
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