Cyberprivacy Risks Demand A New Kind Of Insurance

Law360, New York (June 15, 2010, 12:36 PM EDT) -- A series of high-profile electronic data security breaches suffered by TJX Corp., MasterCard International Inc. and, most recently, Apple Inc., have highlighted the need for new insurance products to cover electronic privacy risks and defend against associated litigation, attorneys say.

“What we've seen with some of the very large data breach cases in the past few years is that this thing hits every area,” said John Failla, a partner at Proskauer Rose LLP. “It affects financial institutions, it affects retail, it affects companies that process orders...
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