The Growing Legal Costs of Cyber Liability

Cyber Liability

Defense law firms that work on cyber liability panels can expect to receive an average of $8,600 in legal consultation fees, according to cost estimates from Chubb recently reported in Florida Trend magazine. Total costs to respond to a cybersecurity claim can be as high as $73,300 according to Chubb, which based its information on…

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Cyberinsurance Policy Considerations

The concept of purchasing cyberinsurance to insure against cyber threats seems fairly simple at first glance. Many companies fear the financial costs and reputational harm that often results from a cyber security breach and seek to mitigate these risks through insurance. However, the actual usage of cyber insurance tends to raise a lot of questions,…

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