Mitigating Business Interruption Risk - Cyber Insurance is Only One Piece of the Puzzle
Insurance coverage is an important component in any company's cyber risk mitigation strategy, but Orrick Partner Darren Teshima warns: Even the best cyber insurance cannot replace a well-designed and properly tested incident response plan. In this Expert Insight, Darren emphasizes the importance of sounds business judgment and preparedness when it comes to preventing and responding to ransomware-related business interruptions, which are typically the biggest cost associated with such attacks (far greater than the amount of a typical ransom payment).
To learn more about this cutting-edge area, be sure to check out Darren's webcast, Mitigating Hacker Risk: Demystifying and Negotiating Cyber Insurance Policies, created in partnership with AltaClaro.
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DISCLAIMER: Because of the generality of this material, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.