Cyber Security and Insurance

Cyber-attacks are epidemic and getting worse. Lawyers need to understand cyber insurance for their clients and their own law firms. A data breach is a nightmare. Law firms have a special exposure when hacked because of clients files with personal and other sensitive information.There is limited coverage for cyber liability under general commercial policies. An effective cyber security policy should be a primary policy so that it will respond first. Cyber liability encompasses both first and third party risks such as privacy issues, virus transmission and infringement of intellectual property.The risk of a ransom attack continues to grow. Companies and law firms must have adequate insurance coverage to fill gaps and to meet company insurance objectives