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Insurance for Cybersecurity Incidents and Privacy Breaches

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Feb 15, 2018

On February 15, 2018, Borden Ladner Gervais published an article on how employees and other insiders are a major security risk. A cybersecurity incident or privacy breach caused or facilitated by an organization’s insiders can result in significant losses and liabilities. Insurance can be an effective way to help manage insider risk.

An organization should obtain appropriate professional advice when making important decisions about privacy and cyber insurance. Most insurance companies offer insurance policies specifically designed to protect an insured against losses and liabilities arising from privacy breaches and cybersecurity incidents.

The protection afforded by an insurance policy depends on the precise language of the policy (e.g. definitions, coverage descriptions, restrictions and exclusions) interpreted in accordance with legal principles established by Canadian courts.

Review the full article on Borden Ladner Gervais' website.

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