Lawsuits that stem from security breaches could put a company's reputation and financial stability at risk, says Jim West, senior vice president at Chubb & Son. West says many technology firms buy insurance that does not address all the exposure created by a security breach. "Depending upon the circumstances, a single breach can trigger a variety of insurance policies, including crime, errors and omissions, employment practices liability, general liability, property and even directors and officers liability," West warns.

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