Obtaining the clarity with both a contract and the related insurance compliance has turned into one of the more daunting tasks for "upstream" counter-parties such as Landlords, Owners, etc. When reviewing vendor contracts there are several issues that Landlords, Owners, etc. should be mindful of, such as:
In several of my most recent “Cyber Tuesday” posts, I’ve discussed the importance of developing a comprehensive cyber risk mitigation strategy which includes IT security measures, well thought out incident response, business continuity documentation and cyber insurance. A recent ransomware event at the University of Calgary shifted the focus to the cyber insurance.