How can family offices and wealthy family members protect themselves from cyberattacks? One smart step is purchasing cyber insurance to cover a wide range of issues. Attorney Thomas Bentz Jr. notes that it is important for family offices to understand what exposures exist because insurance policies are highly customizable.
"I do not think it is likely that cyber coverage will ever be standardized," said Mr. Bentz, adding that coverage has evolved significantly in the past few years.
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