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Key Differences Between Cyber Liability Insurance and Data Breach Insurance
Manage episode 439457540 series 3458078
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According to IBM's 2024 Cost of a Data Breach report*, the global average cost of a data breach is at $4.88M, a 10% increase from last year.
Many attorneys hear about these large losses and think they're immune. The reality is that law firms store sensitive information that is lucrative to cybercriminals.
In this episode, we discuss the differences between cyber liability and data breach insurance, the differences between first- and third-party insurance, and how to consider the options available to you.
*Cost of a data breach 2024 | IBM
More Resources:
Cyber Liability Self-Assessment
Request a Cyber Liability Insurance Estimate
Should You Use Professional Liability Insurance for Cyber Liability Coverage?
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