The Source for Cyber Insurance News, Insights and Data
Thought the risk of being sued for a cyber breach was already high? It’s getting worse, Carolyn Purwin Ryan, a partner in Mullen Coughlin LLC’s data privacy and cybersecurity practice, told viewers during a recent webinar. Ryan noted that cyber breaches requiring the notification of >10,000 individuals often triggered a class-action lawsuit. But weeks ago … Read more
The global cyber insurance market growth is projected to rise from $16.66 billion in 2023 to $84.62 billion by 2030 according to the IMARC Group. The increasing number of cyberattacks and the need to protect critical assets are some of the key factors driving the growth of the market. The market is segmented by type, … Read more
A new study by the Law Society of England and Wales found that 72% of law firms do not have cyber insurance. This is concerning, as cybercrime is a growing threat to businesses of all sizes. Cyber insurance can help law firms cover the costs of a cyberattack. Such costs include investigating the attack, restoring … Read more
“If Merck eventually winning seems like good news for enterprises in similar policy situations, it is — but with a caveat. The vagaries of the policy meant it took five years and litigation to recover a substantial amount of losses, something attorney Marcus Christian, a partner at Mayer Brown’s cyber and data privacy practice, said … Read more