In the most recent issue of FOCUS, Hays Companies concentrated on Cyber liability and the ever increasing attention it is receiving in the media. This caught the eye of Risk & Insurance magazine, requesting an expert opinion from our Dave Wasson, Cyber Liability Practice Leader with Hays Companies.
In 2002, after the 9/11 attacks, the private sector was reluctant to develop security products and services in civilian settings due to the enormous liability risks involved. In response, Congress enacted the Support Anti-Terrorism by Fostering Effective Technologies (SAFETY) Act to encourage the development and deployment of new and innovative anti-terrorism products and services. The SAFETY Act created liability limitations for claims arising out of, relating to, or resulting from an act of terrorism. The Act applies to a broad range of products and services, including technology products, software and other forms of anti-terrorism security measures.