Any organization can be a target of a cyber-attack, including well-established law firms. A large law firm specializing in complex litigation has announced (here, here) a ransomware attack and data breach (Thank you ride the lightening, additional info: here, here, here) There has been no mention of Cyber Risk Insurance or its impact on loss mitigation, or whether a ransom has been paid.
More information will be provided as it becomes available.
eSpecialty Insurance uses its insurance expertise and technology resources to provide comprehensive and cost-effective specialty insurance solutions, including Cyber Risk Insurance for law firms. We can help you evaluate your exposures and needs, and provide Cyber Risk and other specialty insurance solutions. Get in touch to discuss your specialty insurance challenges.