The State Of Cyberinsurance

Law360, New York (March 7, 2011, 1:12 PM EST) -- Insurance Law360 recently noted that litigation over cybersecurity claims will be among the “Insurance Cases to Watch in 2011.” Indeed, recent high-profile cybersecurity breaches — the denial of service attacks on Visa, Mastercard, Paypal and Amazon associated with the Wikileaks releases in late 2010 and the attack on Nasdaq’s confidential document sharing service in February, to name a few — have highlighted the need for every business to consider ways to protect against cybersecurity losses.

The Federal Trade Commission estimates that approximately 9 million Americans are...
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