Tag: Cyber insurance

Breach Response Shift: More Lawyers, Less Cyber-Insurance Coverage
Security

Breach Response Shift: More Lawyers, Less Cyber-Insurance Coverage

The face of data breach investigations is changing as companies weigh business factors outside of the traditional office of information security. Following a breach, for example, companies are no longer likely to make their first call to an incident response firm but rather to an outside attorney, a trend that legally protects businesses but could make the technical response more difficult, according to ongoing research by a trio of academic researchers. Nearly half of all companies call in lawyers to lead the investigation, relying on their expertise to navigate regulatory requirements, hire outside consultants, and write final reports, the academic experts found. Insurance firms are also seeing thousands of cyber breaches handled by outside attorneys, rather than an outsi...