Data Breaches, Bankruptcy and the Importance of Cyber Insurance

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A recent data breach and subsequent bankruptcy combine to form a cautionary tale on the importance of cyber insurance. On our Insurance & Recovery blog Policyholder Pulse, in “From Data Breach to Bankruptcy – A Cautionary Tale for Those Without Cyber Insurance,”colleagues , , Curtis A. Simpson and Robert Shoemaker examine the data breach suffered by American Medical Collection Agency and how that forced its parent company, Retrieval-Master Creditors Bureau Inc., into Chapter 11.