March 21, 2014

In a recent alert, we outlined potential risks businesses face in the wake of cyber security threats as a result of inadequate data protection. 2013 had the highest number of recorded data breaches in over a decade. Cyber-attacks are no longer a question of 'if,' but of 'when.' Target's recent data breach led to a class action lawsuit filed in Northern California along with an estimated additional 40 lawsuits. Target will survive this exposure, but for some companies, survival will be dependent upon positioning themselves today to receive the maximum available insurance coverage for these attacks.

In order to maximize coverage, it is extremely important for businesses handling customer data to understand the types of claims that might result from a cyber-attack and whether they have insurance to protect against them.

To read the full Alert, click here.