Law firms are increasingly targeted by cybersecurity attacks such as phishing and Business Email Compromise (BEC). Ransomware attackers focus on businesses with cyber insurance, as they significantly raise ransom demands when they identify insurance coverage. This is due to insurance policies requiring certain cybersecurity measures that aim to mitigate risk. The substantial costs of breaches make cyber insurance essential for law firms, covering investigation, response, and notification expenses in the event of a compromise.
Ransomware attackers increasingly target businesses with cyber insurance, as they demand higher ransoms when evidence of coverage is found, amplifying risks involved.
Cyber insurance has become essential for law firms, given the unique cybersecurity threats they face and the high costs associated with data breaches.
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