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Preparing for the Inevitable: Insurance for Data Breaches

, New York Law Journal

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Michael N. DiCanio writes that a 2014 study found that the average cost of a corporate data breach in the United States increased 15 percent in the last year to $5.9 million, and can run much higher. Despite these known risks, it is estimated that only one in three companies now has insurance specifically to protect against such losses.

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Originally appeared in print as Preparing for the Inevitable: Insurance Options for Data Breaches

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