The Cybersecurity Question: To Insure Or Not To Insure?

Law360, New York (October 31, 2013, 5:45 PM EDT) -- With the cost of data breaches on the rise, businesses should evaluate whether they have a need for cyber insurance. Earlier this year, Liberty Mutual Insurance Company filed a declaratory judgment action in connection with eight data breach lawsuits and five written demands against its insured, Schnuck Markets Inc., a private supermarket chain. Seven of the lawsuits seek class certification. According to a press release from Schnucks, approximately 2.4 million credit and debit cards used at 79 out of 100 of its stores may have been...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.