“Reputation Damage Control: Insuring the Cost of Mitigating Reputational Harm Following a Cyber-Attack or Data Breach,” USLAW Magazine
“Companies in nearly every industry face a daily and increasing risk in relation to cyber-attacks and data security breaches,” writes Jonathan L. Schwartz, partner in Goldberg Segalla’s Cyber Risk and Global Insurance Services Practice Groups. “Some have learned the hard way that the resulting damage to the reputation of the corporate entity, or one or more of its brands, can be even more financially impactful than the actual costs and third-party claims suffered as a result of such a data breach.”
This article explores a number of critical concerns and best practices in using emerging stand-alone reputational risk insurance policies to mitigate risk that is not addressed in typical cyber liability insurance products.
Read the article here:
- “Reputation Damage Control: Insuring the Cost of Mitigating Reputational Harm Following a Cyber-Attack or Data Breach,” USLAW Magazine, Spring/Summer 2015