Do Law Firms Need Cyberinsurance?

March 18, 2014 – In The News
The Legal Intelligencer

Scott L. Vernick was quoted in The Legal Intelligencer article, "Do Law Firms Need Cyberinsurance?" Full text can be found in the March 18, 2014, article, but a synopsis is noted below.

Many law firms do not view themselves as at risk for a data breach and, therefore, have not purchased cyberinsurance. Lawyers who concentrate their practice on data security warn that this is a mistake given the “if, not when” likelihood of a firm being breached.

Noted privacy attorney Scott L. Vernick said he thinks cyberinsurance is a “very good idea to consider” for firms that think their general liability pool will not cover a breach. Vernick noted that case law is coming down on the side of the insurer when it comes to whether a commercial general liability policy would cover a breach.