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Editor’s Note: David M. Governo and Corey M. Dennis, founding partner of and attorney at Governo Law Firm LLC (respectively) contributed this article.

Although companies in the health care, hospitality and retail industries are considered the prime targets of cyber attacks, companies in the insurance industry share the same risks of financial and reputational loss. In fact, a recent report found that despite increased focus on data security, approximately 40 percent of the 46 major insurance organizations have experienced data breaches in the past 12 months.

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