Law360, New York (September 5, 2014, 12:10 PM EDT) -- Even before the highly publicized Target Corp. data breach, it appears there is an article in the press every day announcing yet another incident. The incidents are not limited to the retail industry, but affect virtually every business sector. On Aug. 6, 2014, media outlets including the New York Times reported that a Russian crime ring had amassed the largest known collection of stolen Internet data — at least 1.2 billion username and password combinations, as well as more than 500 million email addresses. Since then, a company operating more than 200 hospitals announced that hackers had stolen data on 4.5 million patients, and a major supermarket company announced a large data breach involving customer credit card data. But the Target situation remains, to date, the most thoroughly analyzed, and provides a good case study for evaluating potential claims and losses that might arise from a major breach, and whether such claims and losses would be covered by insurance....