cyber liability definition
What is Cyber Liability? Cyber liability is the risk posed by conducting business over the Internet, over other networks or using electronic storage technology. Insurance can be bought and ârisk basedâ security strategies can be used to mitigate against both the first- and third-party risks caused by cyber liability. A âfirst partyâ cyber liability occurs when your own information is breached. For example, a hack that results in the exposure of your own trade secrets would create a first party cyber liability.