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When Is A Cyber Incident Likely to Be Litigated and How Much Will It Cost? An Empirical Study

When Is A Cyber Incident Likely to Be Litigated and How Much Will It Cost? An Empirical Study

Numerous cyber incidents have shown that there are substantial legal risks associated with these events. However, empirical analysis of the legal aspects of cyber risk is largely missing in the existing literature. Based on a dataset of historical cyber incidents and cyber-related litigation cases, we provide one of the earliest quantitative studies on the likelihood of cyber incidents being litigated and the cost of settling a cyber-related case.