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Increased reliance on information technology has led to a dramatic increase in damages caused by computer crime. A recent study found that 90 percent of respondents had suffered computer system breaches within the past year. While many companies believe that losses caused by security breaches are covered by their general liability insurance policies, coverage is often denied on the ground that damage or loss of data does not constitute tangible property.
November 20, 2003 at 12:00 AM
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The original version of this story was published on Law.Com
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