Risk Partners Life Sciences Roundtable 2024, thank you very much! Sign up now for the 26.06.2025 >

How senior executives protect themselves from personal liability in the event of cyber incidents - #29Minutes by Control Risk & Risk Partners

If we look at our claims experience in the area of directors' and officers' liability in recent years, internal claims alleging inadequate cyber risk management and emergency management in the event of a cyberattack are unfortunately on the rise. In addition to special risk transfer solutions (cyber insurance and insurance against loss of profits), there are also very practical tips on how to react correctly if the worst comes to the worst. 

Following an exchange at a risk management conference in Q1 this year, Reiner Wetzel from(Control Risk) and Florian agreed to provide valuable information on this topic as part of Control Risk's #29 Minutes series. Take a look at the recording of the result with the following agenda items: 

  • What is the basis of liability for managing directors?
  • What are the main personal #liability traps for managers?
  • In focus: We show you how managers can avoid liability traps in the event of cyber incidents 

If you have any further questions, please do not hesitate to contact us.

Also read our other blog posts

Being Public

Prospectus liability insurance (POSI): Risk Partners publishes for you

Risk Partners on Going Public and the capital market blog on prospectus liability insurance In recent months, we have been able to share our expertise on prospectus liability insurance with a wide audience on two renowned platforms. Here is an overview: Kapitalmarkt.blog In the article "POSI insurance - The protective vest on the capital market", we explain why prospectus liability insurance is an indispensable tool for companies becoming active on the capital market. The article shows in a practical way how such insurance not only minimizes liability risks, but also strengthens investor confidence. GoingPublic Magazine In

Read more "
4 pillars of cyber insurance for venture capital and private equity
Cyber Security

Cyber insurance Venture capital and private equity

Why cyber insurance does not transfer the core risk of VC & PE funds and why we have invested in Risk Partners cyber master agreements. Why cyber risks are relevant for venture capital and private equity funds With the increasing growth of the cyber crime industry (see Federal Office for the Protection of the Constitution), venture capital (VC) and private equity (PE) funds and their fund managers are also increasingly exposed to cyber risks. For years, this has been reflected in the claims we have been able to support, in which fund managers have ranked first year after year among the industries we advise.

Read more "
Cyber Security

"Digital Operational Resilience Act" (DORA regulation) from the perspective of venture capital and private equity funds

DORA regulation applies from January 2025. Significance for our private equity and venture capital clients The somewhat unwieldy name "Digital Operational Resilience Act" (DORA for short) has a very serious background and is fundamentally to be welcomed. After all, when we evaluate our claims in the context of cybercrime, PE and VC funds and their KVGs are those with the highest frequency of claims. It can be safely assumed that they are a "worthwhile target group" for cyber criminals based abroad.

Read more "
Your question has not been answered?
We will be happy to advise you in a free initial consultation.