Posts in Category: Spotlight

Blog Post List

BakerHostetler selected to provide security incident response and preparedness services as part of cyber insurance program for banks 

Cyber Coverage Offered As Banking Industry Is Subjected to Greater Scrutiny

ABA Insurance Services has selected BakerHostetler's award winning Privacy and Data Protection team to be the premier legal services provider as part of our new Cyber Insurance program for banks.

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What is “Negligent Entrustment” and what does it mean for your bank? 

by Dirk Hanket, P&C Product Manager

The number of negligent entrustment suits and verdicts is increasing, with large settlements being common and judgments often including punitive damages. The costs of developing and implementing a safety and risk program are minimal compared to the emotional and financial costs of negligent entrustment.

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Transgender in the workplace 

Given the EEOCs heighten focus on transgender issues and the increase in administrative claims, an influx of private lawsuits is sure to follow. It is important to have an anti-discrimination/harassment policy that includes gender identity and sexual orientation in conjunction with an EPL policy to mitigate exposure in a claim.

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FBI issues bulletins on Dyre and Carbanak malware 

The FBI released several updates and bulletins to the banking industry regarding two different malware: Dyre and Carbanak/Anunak. The Dyre malware is being used with social engineering in order to get around two-factor authentication typically required by banks for large wire transfers.

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