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The MOVEit Hack, Ransomware Attacks, and Cyber Insurance | K&L Gates LLP

Cyber attacks involving ransomware and data theft are increasingly affecting businesses, with high-profile examples including the 2021 SolarWinds attack and the MOVEit hack. Business planning should include considerations around insurance policies, understanding the notice provision for cyber breaches, the scope of coverage for breach response costs, and limitations for ransomware attacks. The MOVEit hack serves as a reminder for companies to review their cyber insurance programs and assess their cyber risk protections.

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