Insurance
May 9, 2025
4 myths about cyber insurance
Despite its widespread adoption, cyber insurance remains misunderstood--even by experienced professionals--with persistent myths leading to poor coverage choices and reduced claim recoveries if not addressed.
Richard DeNatale
Richard DeNatale is recognized as one of the nation's leading authorities in cyber insurance. He has represented over 125 companies in obtaining coverage for data breaches and cyberattacks, including some of the largest in history. DeNatale is semi-retired after a career of almost 40 years in Big Law, most recently as a partner at Jones Day.
The cyber insurance market has seen remarkable growth over the past 15 years. It is estimated that over 75% of large and medium sized companies now carry cyber insurance. Yet despite this widespread acceptance, there are basic misconceptions about cyber insurance that persist, even among sophisticated lawyers and business executives. Four of these common myths are addressed below. If left uncorrected, they can result in poor quality coverage and reduced recoveries on insuranc...
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