Law firms should use cyber insurance to complement their own cybersecurity precautions, according to cloud services firm CTS. Legal firms bear particularly high risk considering the sensitive and confidential information they hold for clients, pushing them toward specialist cyber policies. According to Mactavish, insurers dispute 45% of cyber claims, a process which takes three years on average. In most cases, claimants' professional indemnity policies payout for negligence before cyber cover is even activated. The best way to protect your data from hackers is to keep it safe by encrypting it.
Law firms should use cyber insurance to complement their own cybersecurity precautions, according to cloud services firm CTS. Legal firms bear particularly high risk considering the sensitive and confidential information they hold for clients, pushing them toward specialist cyber policies. According to Mactavish, insurers dispute 45% of cyber claims, a process which takes three years on average. In most cases, claimants' professional indemnity policies payout for negligence before cyber cover is even activated. Prior to payout, firms will be responsible for costs needed to manage and respond to a breach, and to improve IT security to prevent future attacks.