Cyber-space liability

{
  "id": "MLC-T-INS-001065",
  "term": "Cyber-space liability",
  "field": "Insurance and risk management",
  "definition": "The legal responsibility for damages or losses incurred by third parties due to incidents occurring within an organization's digital infrastructure or online activities. This encompasses risks such as data breaches, network security failures, and website content errors. Coverage for cyber-space liability is typically provided through specialized cyber insurance policies, which address both first-party and third-party exposures.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/cyber-space-liability/"
}