By Simone Herbert-Lowe -
- 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.