Technology/CyberLiability. Any business that provides professional services over the internet -
from simple email to marketing initiatives to full eCommerce - can face severe losses if its network
security is breached, or if the content it publishes harms another party. These lawsuits can involve
a range of allegations, from defamation, libel or slander to copyright or trademark infringement to
invasion of privacy - all of which are becoming alarmingly commonplace.
A website is a lawsuit waiting to happen. By advertising or marketing online, companies run the risk of
costly litigation as a result of content exposure including libel, slander, defamation and copyright
infringement. Defense costs alone, for instance, typically range from $350,000 to $500,000.
Among the greatest threats are "cyber-attacks," which can emanate from internal or external sources, and
may be intentional or accidental. These attacks are increasingly frequent and can lead to the loss of both
revenue and critical information assets, as well as third-party liability claims. Extortion related to
cyber-attacks is also a danger for more and more companies of all types.
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