Cyber claim trends: When law firms are the target

Even as insurers are tallying the most recent attacks, underwriters are estimating the next Wannacry attack could be a $2.5 billion hit to insurers. But, according to new research by Lloyd's and Cyence, a cyber risk analytics modelling firm, a major global cyber-attack could have even bigger potential possibly triggering as much as $53 billion of economic losses, equal to those from a catastrophic natural disaster like 2012's Superstorm Sandy.

This article sheds light on the latest cyber claims trends and why law firms are increasingly becoming the focus of ransomware attacks.

Topics covered:
• The next cyber victims.
• Preventing a breach.
• Insurance protection.