Summary |
Over the last few decades, the typical business has grown increasingly more dependent upon the Internet and computer networks. Whether for communications between employees or with clients, for transmitting and storing sensitive information, or for maintaining a Web site or a blog, most twenty-first century companies would be lost without their technology. The majority of businesses today have at least some technology or internet-based exposure to their business operations. As businesses continue utilizing new technology-based processes, they may not be aware of the associated risks.
The internet also creates new exposures for content and advertising litigation. A virus could result in a shutdown of a Web site, costing extra expenses, loss of revenue, and potential litigation. Content-based injuries such as libel, slander, defamation, copyright, title, trademark infringement, or invasion of privacy may arise from the display of materials on an insured’s Web site.
Although the complexity of these risks cannot fully be explored in one publication alone, it is our hope that Cyber Liability and Insurance: managing the risk of intangible assets will help insurance and risk management professionals better comprehend, manage, and mitigate these emerging risks related to technology, the Internet, and cyber liability.
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