SIDEBAR Summer 2017 - 19

MONTGOMERYBAR.ORG

SIDEBAR FEATURE

Cyber Crimes

Yes, They Do Happen
to Small Firms
Cyber liability coverage from USI Affinity provides
affordable protection for law firms that goes far beyond
traditional LPL coverage to address every aspect of a data
breach, including:

L

awyers and law firms take notice: Cyber criminals might
specifically be targeting you because they want your data
or the money in your trust account. Law firms, even small
ones, are appealing targets to cyber criminals for three reasons:
* Law firms have large amounts of sensitive and confidential
information that could prove to be extremely valuable.
* Law firms often have large sums of money in their bank
accounts.
* Law firms tend to have weaker security protection in place
on their networks and systems.

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Forensic and legal assistance and expense coverage
Coverage for response costs
Regulatory defense and penalties coverage
Identity theft-related fraud resolution services

To learn more about cyber liability coverage, contact USI
Affinity today.

Because information on cyber crime tools and techniques is
readily available online, even non-technical people sometimes
pursue malicious cyber activities. They will use every tool at
their disposal to attack law firms, including:
* Sending spam and phishing messages
* Installing malware to create a back door into a firm's
computers
* Searching for weaknesses in security configurations so that
they can exploit them
* Attacking an attorney's home computer as a way of
hacking into his office system
Cyber crime is real, and a very present danger for law
firms, and all firms must work to understand the risks they are
exposing themselves to so that they can reduce the likelihood of
a data breach.

Insurance Coverage and Cyber Crime
Many law firms believe that cyber liability risks are already
covered by legal professional liability (LPL) insurance, but while
LPL affords some coverage for cyber liability risks, the costs of
immediate notification of all parties potentially affected by the
data breach, providing credit monitoring to affected parties,
investigating the incident, and managing the firm's reputation
throughout the event are generally not covered.

Local.

Where they make dreams.
Where we make decisions.
David Gray
Former Executive DIrector
Pennsylvania Ballet

"Our old bank made us jump through hoops,"
says David. "It's great to work with a bank
that wants us to succeed."

Need a local decision?
Call 888-238-3330 or visit VISTBank.com.

Locally focused. A world of possibilities.

SUMMER 2017 19
https://montgomerybar.org/ http://www.VISTBank.com
Table of Contents for the Digital Edition of SIDEBAR Summer 2017
