Cyber Coverage Pitfalls
Is Your Law Firm’s Cybersecurity Insurance Policy Really as Ironclad as You Think? By Robert W. Wilkins AN OFT-REPEATED mantra in business and technology is that it’s not a question of if a data breach will happen, but when. The average cost of a corporate data breach in the United States is nearly $9.5 million, according to an IBM report published in 2022. Without adequate cybersecurity insurance, companies (and law firms) might find themselves facing a double threat: being the victim of a breach and
Estate Planning Considerations for Cryptocurrency Investors
William G. Smith, LL.M. and Brittany E. Cobb, LL.M. Despite its volatile market, cryptocurrency investors are lured by its accessibility, skyrocketing gains, purchasing autonomy and anonymity, and the lack of governmental oversight. Particularly, the purchasing anonymity and lack of governmental oversight has led to major consequences for investors and their heirs and beneficiaries. When an owner of cryptocurrency dies without taking the appropriate steps to ensure their virtual wealth is identified and
Cryptocurrency 101: Getting Up To Speed
By David E. Bowers, LL.M. and Brittany E. Cobb, LL.M. Almost overnight Bitcoin took the financial market by storm as it became the first successful cryptocurrency exchange in the United States in 2009. The success of Bitcoin has spawned new cryptocurrencies, such as Ethereum, Tether, and Binance Coin, to name a few. While cryptocurrency was once touted as being a vehicle for illicit activities, digital currency has, for some time now, been recognized as a legitimate form of payment, and many
