“In recent years, cyber-attacks have emerged as one of the most significant threats facing organizations of all sizes. The Internet and other network operations have created risks that were unheard of less than a decade ago. When cyber attacks (such as data breaches and hacks) occur, they can result in devastating damage, such as business disruptions, revenue loss, legal fees, and forensic analysis and customer or employee notifications.
It is important to remember that no organization is immune to the impact of cybercrime. As a result, cyber liability insurance has become an essential component to any risk management program.”