Small Cos. Slow To Pick Up Cyberinsurance, Lawmakers Hear

Law360, New York (July 26, 2017, 5:45 PM EDT) -- Small businesses are increasingly being targeted by hackers, but they have been slow to obtain specialized cyberinsurance for those risks due to doubts about their level of vulnerability, insurance and cybersecurity, experts told a U.S. House of Representatives panel on Wednesday.

During a hearing before the House Small Business Committee, four witnesses touted the potential benefits of cyber risk insurance for small companies while also highlighting obstacles to the growth of the cyberinsurance market, including a lack of historical data on cyber-related losses and the inconsistent array of state, federal and international privacy breach notification laws.

Eric Cernak, vice president of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!