Angelo A. Stio III Quoted in Carrier Management Article, 'New York's New Cyber Regulation Could Impact D&O Liability Coverage'
Angelo A. Stio, III (CIPP/US), a partner in the Litigation and Dispute Resolution Department of Pepper Hamilton, was quoted in the April 26, 2017 Carrier Management article, " New York’s New Cyber Regulation Could Impact D&O Liability Coverage."
Indeed, involving the executives is an important aspect of building a cyber response plan and carrying out an effective risk assessment, Angelo Stio, partner in the Litigation and Dispute Resolution Department of Pepper Hamilton LLP, told Insurance Journal.
“I think you may see some litigation challenging the actions of directors and officers with regard to annual certifications, risk assessments, and failing to dedicate assets to reduce risks,” he said. “On this issue, it will be critical for an organization to document its compliance with the regulation and the rationale and actions taken by directors and officers.”