Firms Bolstering Investment in Cyber Insurance to Transfer Risk, Published in New York Law Journal and Mid-Market Report2022-04-27T17:16:54+00:00
04.27.2022 // NEWS, Press Releases, Publications
Firms Bolstering Investment in Cyber Insurance to Transfer Risk, Published in New York Law Journal and Mid-Market Report

Arguably, there is no greater risk to a firm than a crippling cyberattack that can have long-lasting impacts on business operations and damage its reputation. In an article published on 4/27, Heather Oden, our firm’s COO, provides insight on what firms should consider in light of the high risk of cyberattacks in today’s world.

“Unfortunately, this is the world we live in, and firms will experience an increased pressure to gather all the information, uncover the root of the issue, and respond in a meaningful way without elevating the crisis,” says Heather. “We must be proactive as cyberattacks continue to cause widespread disruptions in business.”

Cyber insurance has become one avenue firms can use to transfer some risk. While it won’t prevent a cyberattack, it provides a mechanism for firms to recover the costs of responding to such an attack.

“Cyber breaches continue to happen at an alarming rate, and we must be prepared,” says Heather. “While we can’t expect cyber insurance to fix all our issues, it does help provide an offset of the costs to respond if you are a victim of an attack; this is another tool to help us protect our firms.”

To read the story in full, click here.

ABOUT BALL JANIK LLP

Ball Janik LLP was founded in 1982 with six lawyers and a four-person support staff in Portland, Oregon. Since our firm’s inception, we have expanded our capabilities, our professionals, and geographic footprint. What started as a firm focused in real property and land use (known then as Ball Janik & Novack), has grown to include the insights of a team of 30-plus attorneys, with a combined six centuries of experience, and capabilities including Real Estate and Land Use, Construction Defect, Commercial Litigation, Insurance Recovery, Construction and Design, Employment, Finance and Corporate, Public Agencies and Schools, and Community Associations. With offices in Florida and Oregon, our regional growth has earned us a national reputation for upholding the rights of our clients.

Ball Janik LLP has been recognized by Chambers USA, U.S. News & World Report and Best Lawyers®, The Best Lawyers in America©, and Corporate International. Ball Janik LLP’s success and integrity have repeatedly made it one of “Oregon’s Most Admired Professional Firms,” according to the Portland Business Journal’s survey results of CEOs throughout the region.

Heather J. Oden
Oregon , Portland
No Blog Tiles found.