Cyber Risks Abound — Should Your Client Explore Cyber Insurance?
For large, multinational companies, the risks of data breaches and cybersecurity incidents (e.g., ransomware attacks and business email compromise scams) are substantial, but small companies are increasingly finding themselves the targets of cyber attacks. Many remain hesitant to purchase cyber insurance—they may be unclear on what a cyber policy covers or they may believe that the information they store is worth a hacker's time/effort to attack. Orrick Partner (and Co-Chair of Commercial Litigation) Darren Teshima is here to demystify cyber insurance and dispel those illusions.
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DISCLAIMER: Because of the generality of this material, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.