Understanding Cyber Insurance Part 2

Recent years have shown us that cyber-attacks steadily grow in sophistication and impact. Most businesses, including law firms, are increasingly left exposed to the potential losses of critical information. Businesses may incur direct financial costs along with reputational damages, which may cause loss of clients, sales, and even legal consequences such as regulatory sanctions for having compromised personal information. Attorneys must provide their clients with exemplary services and the confidence that their data is safely secured. In the event of an incident, businesses need to show that they have taken all the necessary steps to safekeep and protect this information.