Big Or Small, Cos. Need Insurance Against Data Breaches
August 22, 2012, 12:44 PM EDT
Law360, New York (August 22, 2012, 12:44 PM EDT) -- Most businesses, whether small or large, are aware of the risks associated with their enterprise and acquire insurance coverage to aid in managing the financial consequences of those risks. One increasingly common risk for which most businesses have not previously sought insurance coverage is the threat of a data breach.
However, the instances of data breaches have been growing in number, and now impact far more types of businesses than only the large and well-known technology companies usually mentioned in the press. Indeed, we are now...