Stewart Smith attorney Nace Naumoski was interviewed by Law360 about the effects that the rise in ransomware attacks is having on the insurance industry. In the article, “Ransomware Rise Prompts Soul-Searching By Cyber Insurers,” Nace explains that “[f]ollowing the recent attacks, insurance companies have begun to question whether they should pay for ransom or withhold payment or risk other potential damages, like property damage if certain facilities are shut down.” Nace also shared with the reporter that insurers are encouraging their insureds to invest in more cybersecurity to mitigate these attacks altogether.
Nace concentrates his practice on insurance coverage, cybersecurity and data privacy, and complex civil and criminal litigation. He represents clients in high-stakes matters in the areas of insurance coverage, product liability, class actions, commercial disputes, election law, defamation, healthcare fraud, mortgage fraud, construction defects, entertainment law, and cyber law. Nace also has significant experience dealing with government and internal investigations.
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