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Snapshot

  • Managing cyber risk is now an integral part of legal practice.
  • Lawcover has purchased a group cyber risk insurance policy for its insured law practices which takes effect from 1 January 2018 and includes crisis assistance when a cyber event occurs.
  • It is prudent for a law practice to consider both risk management and risk transfer when considering a response to cyber risk.

With the incidence of cyber-crime growing, a law practice needs to consider both risk management and risk transfer (through cyber risk insurance) when assessing a response to cyber risk.

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