Managing Your Cyber & Data Risk 2010 NTA Convention Montreal, Quebec
|
|
- Tobias Ward
- 8 years ago
- Views:
Transcription
1 Managing Your Cyber & Data Risk 2010 NTA Convention Montreal, Quebec Jeremy Ong Divisional Vice-President Great American Insurance Company November 13,
2 Agenda Overview of data breach statistics and trends. Discuss applicable regulatory laws. Financial impact of a data breach. Managing your risk. 2
3 Data Breach Studies 3 Privacy Rights Clearinghouse Non-profit consumer organization dedicated to consumer information and advocacy. Database of data breach incidents reported since 2005 Verizon / US Secret Service Data Breach Investigations Report Spans 6 years covering 900+ breaches that accounted for 900 Million compromised records Ponemon Institute Independent research on privacy, data protection, and information security policy.
4 Common Examples of 2009 /2010 Data Breach Incidents from PrivacyRights.org 3 Travel agency break-in. Computers and customer information were stolen. Embezzlement of $100,000. Several customers complained about fraudulent charges on their debt and credits cards that they used on a online retailer s website. Theft of a laptop resulted in the company notifying 4,004 current and former employees that their personal information was on the laptop. Paper files containing personal information going back to 2005 were found near a dumpster. Internet shopping website lost credit card details on 52,000 customers after its servers were hacked. The company has suspended its website and has informed its customers and relevant authorities.
5 Common Examples of 2009 /2010 Data Breach Incidents from PrivacyRights.org A worker s failure to abide by security precautions caused a portable storage device containing information on 4,000 employees to disappear. Personal information of clients were accidentally posted online. A package containing sensitive hardcopy customer information including financial data on a CD were stolen. CD was not encrypted. Blackberry device was stolen from an employee s desk. The device was unencrypted and contained sensitive customer information. $50,000 of fraudulent charges were incurred by a hacker from Romania who was able to hack into a computer server of a business establishment. 5
6 2010 Verizon Data Breach Study 6 Incidences by Industry Groups : Financial Services 35% Hospitality 23% Retail 15% Manufacturing 6% Technology Services 5% Business Services 4% Government 4% Media 4% Healthcare 3%
7 2010 Verizon Data Breach Study 37% took months to discover data breach while 24% discovered within weeks. 83% of compromised data was payment card information Size of Organizations by percentage of breach: 1 to 100 employees % 101 to 1000 employees % 1001 to 100,000 employees--49% over 100,000 employees % 7
8 2010 Verizon Data Breach Study Source of Data Breaches in 2009: External 45% 138,566,355 records Internal 27% 2,640,240 records Multiple Agents 27% 46,451,904 records Partner 1% 43,744,573 records 8
9 2010 Verizon Data Breach Study 9 Most Common Actions that Causes a Breach: Malware (malicious software such as virus, trojan horses, spyware, sleeper virus) Hacking Social (solicitation /bribery, phishing /masquerading a trustworthy entity, pretexting / tricking a victim to divulge info, fake websites, extortion, scam). Misuse such as fraud, abuse of system access, use of unapproved devices, violation of web policy and handling of data. Physical (theft, tampering, surveillance, Error (misconfiguration, loss or misplacement, publishing error, technical /system malfunction)
10 2010 Verizon Business Team Study 6 External Breach Sources by Geography : 21% Eastern Europe (Russia) 19% North America 18% Asia East (China) 10% Western Europe 5% Middle East 2% Africa 2% Asia-South/Southeast 2% Oceania Organized crime accounts for 24% of the external breach sources.
11 Ponemon Institute : 2010 Study of Data Breaches Average cost per record is $204 in the US. Lost business accounts for 66% of data breach costs Root causes: 36% Systems glitch 40% Negligence 24% Malicious or Criminal attack 11
12 Regulatory Considerations Data Breach Notification Laws In effect in 47 states except: Alabama, New Mexico, & South Dakota. Subject to statutory fines / penalties. Exemptions and notification deadlines vary by state. 12 Red Flags Rule FTC requires Identity Theft Protection programs in place for each organization that is involved with providing credit and financial services. Fines / Penalties will be assessed by the FTC for non-compliance. Law is effective January 1, 2011
13 Financial Impact of a Data Breach 13 Interruption of your business operations loss of revenue Hiring Consulting services that specialize in Identity Theft / Crisis management ($400 /hr) Forensics- investigating how it occurred, how much data was taken / compromised, and fixing the deficiencies (if any). Damage to your electronic data and the costs of restoring it back. Costs to comply with your state s data breach notification law. Notifications typically cost $15 per record Damage Control costs such as providing 1 year of credit monitoring and fraud monitoring services to minimize loss of customers. Tarnished Reputation resulting in loss of referral business from existing clients.
14 Financial Impact of a Data Breach Loss of Customers: Ponemon study indicates 66% of costs of data breach are attributed to loss of customers. Additional staffing costs to comply with notification law and handle surge in unhappy customer calls. Customers could file a lawsuit against you for breach of privacy. Fines/Penalties assessed by the FTC May be liable to pay for the breach caused by your vendor if customer information is shared or access is granted to them. 14
15 Managing Your Risk Internal Controls: Encrypting your data on all equipment and mobile devices. Hiring practices. Background checks. Screening Vendors. Overseas vendors may operate under different standards when it comes to data privacy and protection. Restricting and monitoring privileged users to customer information. Using current and appropriate security software tools. Limiting the sharing of customer information. Restrict customer information from being stored in portable devices like laptops /smart phones/ portable USB storage devices. 15
16 Managing Your Risk Do not discard paper files without shredding them. Holding your vendors accountable to protecting your data. Assessing how much customer data you have stored electronically or in paper files. The more data, the higher the potential costs if a breach occurs. Is it time to purge your files? If your data is stored by a 3 rd party vendor such as cloud computing data center infrastructure, read your contract to see how much you are still liable for. If applicable to your business, be PCI DSS compliant (Payment Card Industry Data Security Standard) to reduce your exposure to a breach and also minimize potential for fines assessed by the credit card companies. Privacy Notice on your website. 16
17 Managing Your Risk 17 Transferring your Risk: Requiring on vendor contracts to carry sufficient insurance coverage. Securing insurance coverage that addresses the following : a) Liability for Website Content. b) Liability for Data Security Breach. c) Expenses to pay for state mandated notification requirements and other crisis management related expenses. d) Coverage for the damage to your electronic data and extortion. e) Provides Business Interruption coverage f) Services of a reputable Identity Theft consulting firm that will assist you during the data breach crisis management process. Cyber Insurance is now commonly available with broad coverages and affordable pricing geared for a small business operations.
18 Summary: 18 Based on statistical data, the risk of losing more than half the customers due to a data breach is worth noting. Costs to comply with state mandated laws for customer notification account is the most common business loss. Organized crime particularly from overseas is very active in stealing data. Even the best system security controls cannot protect against human error or mistakes that lead to a breach. Victims are oftentimes the last one to know of a breach and usually discover it much later. The more customer information you have in your database, the higher your risk to loss potential should a breach occurs. Manage your cyber /data risk accordingly based on your total exposure to business loss and your tolerance to risk.
19 Information Resources Identity Theft Resource Center Identity Theft Ponemon Institute Privacy Rights Clearinghouse Federal Trade Commission (FTC) Federal Bureau of Investigation (FBI) 19
20 Questions? 20
Network Security & Privacy Landscape
Network Security & Privacy Landscape Presented By: Greg Garijanian Senior Underwriter Professional Liability 1 Agenda Network Security Overview -Latest Threats - Exposure Trends - Regulations Case Studies
More informationNetwork Security & Privacy Landscape
Network Security & Privacy Landscape Presented By: Pam Townley, AVP / Eastern Zonal Manager AIG Professional Liability Division Jennifer Bolling, Account Executive Gallagher Management Liability Division
More informationPrivacy Rights Clearing House
10/13/15 Cybersecurity in Education What you face as educational organizations How to Identify, Monitor and Protect Presented by Jamie Gershon Sr. Vice President Education Practice Group 1 Privacy Rights
More informationData Breach and Senior Living Communities May 29, 2015
Data Breach and Senior Living Communities May 29, 2015 Todays Objectives: 1. Discuss Current Data Breach Trends & Issues 2. Understanding Why The Senior Living Industry May Be A Target 3. Data Breach Costs
More informationPrivacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014
Privacy Liability & Data Breach Management Nikos Georgopoulos Cyber Risks Advisor cyrm October 2014 Nikos Georgopoulos Privacy Liability & Data Breach Management wwww.privacyrisksadvisors.com October 2014
More informationManaging Cyber & Privacy Risks
Managing Cyber & Privacy Risks NAATP Conference 2013 NSM Insurance Group Sean Conaboy Rich Willetts SEAN CONABOY INSURANCE BROKER NSM INSURANCE GROUP o Sean has been with NSM Insurance Group for the past
More informationCyber Exposure for Credit Unions
Cyber Exposure for Credit Unions What it is and how to protect yourself L O C K T O N 2 0 1 2 www.lockton.com Add Cyber Title Exposure Here Overview #1 financial risk for Credit Unions Average cost of
More informationCyber Liability. What School Districts Need to Know
Cyber Liability What School Districts Need to Know Data Breaches Growing In Number Between January 1, 2008 and April 4, 2012 314,216,842 reported records containing sensitive personal information have
More informationData breach, cyber and privacy risks. Brian Wright Lloyd Wright Consultants Ltd
Data breach, cyber and privacy risks Brian Wright Lloyd Wright Consultants Ltd Contents Data definitions and facts Understanding how a breach occurs How insurance can help to manage potential exposures
More informationCyber and Privacy Risk What Are the Trends? Is Insurance the Answer?
Minnesota Society for Healthcare Risk Management September 22, 2011 Cyber and Privacy Risk What Are the Trends? Is Insurance the Answer? Melissa Krasnow, Partner, Dorsey & Whitney, and Certified Information
More informationSINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry
SINGAPORE HEALTHCARE ENTERPRISE RISK MANAGEMENT CONGRESS 2014 - Data Breach : The Emerging Threat to Healthcare Industry DATA BREACH A FICTIONAL CASE STUDY THE FIRST SIGNS OF TROUBLE Friday, 5.20 pm :
More informationPROFESSIONAL RISK PRIVACY CLAIMS SCENARIOS
PROFESSIONAL RISK PRIVACY CLAIMS SCENARIOS The following claim scenarios are hypothetical and are offered solely to illustrate the types of situations that may result in claims. Although sorted by industry,
More informationDon t Be a Victim to Data Breach Risks Protecting Your Organization From Data Breach and Privacy Risks
Don t Be a Victim to Data Breach Risks Protecting Your Organization From Data Breach and Privacy Risks Thank you for joining us. We have a great many participants in today s call. Your phone is currently
More informationCyber Risk Insurance for Agents. Frequently Asked Questions
Cyber Risk Insurance for Agents Frequently Asked Questions 1 Cyber Risk Insurance About Great American Insurance Great American Insurance Group s roots go back to 1872 with the founding of its flagship
More informationPrivacy / Network Security Liability Insurance Discussion. January 30, 2013. Kevin Violette RT ProExec
Privacy / Network Security Liability Insurance Discussion January 30, 2013 Kevin Violette RT ProExec 1 Irrefutable Laws of Information Security 1) Information wants to be free People want to talk, post,
More informationCyber-Crime Protection
Cyber-Crime Protection A program of cyber-crime prevention, data breach remedies and data risk liability insurance for houses of worship, camps, schools, denominational/association offices and senior living
More informationCyber Liability. Michael Cavanaugh, RPLU Vice President, Director of Production Apogee Insurance Group 877-337-3200 Ext. 7029
Cyber Liability Michael Cavanaugh, RPLU Vice President, Director of Production Apogee Insurance Group 877-337-3200 Ext. 7029 Today s Agenda What is Cyber Liability? What are the exposures? Reality of a
More informationCYBER LIABILITY. Bring on tomorrow. Network Security and Privacy. May 15, 2014
CYBER LIABILITY Network Security and Privacy Bring on tomorrow May 15, 2014 1 AGENDA I. Identify Exposures II. Identify how a breach can occur III. The Coverage (Third Party Liability + First Party Losses)
More information2015 PIAA Corporate Counsel Workshop October 22 23, 2015 Considerations in Cyber Liability Coverage
2015 PIAA Corporate Counsel Workshop October 22 23, 2015 Considerations in Cyber Liability Coverage Chris Reese Vice President, Director of Underwriting Connie Rivas Asst. Vice President, Contracts and
More informationUnderstanding the Business Risk
AAPA Cybersecurity Seminar Andaz Savannah Hotel March 11, 2015 10:30 am Noon Understanding the Business Risk Presenter: Joshua Gold, Esq. (212) 278-1886 jgold@andersonkill.com Disclaimer The views expressed
More informationGALLAGHER CYBER LIABILITY PRACTICE. Tailored Solutions for Cyber Liability and Professional Liability
GALLAGHER CYBER LIABILITY PRACTICE Tailored Solutions for Cyber Liability and Professional Liability Are you exposed to cyber risk? Like nearly every other business, you have probably capitalized on the
More informationRISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION
RISKY BUSINESS SEMINAR CYBER LIABILITY DISCUSSION October 23, 2015 THREAT ENVIRONMENT Growing incentive for insiders to abuse access to sensitive data for financial gain Disgruntled current and former
More informationDiscussion on Network Security & Privacy Liability Exposures and Insurance
Discussion on Network Security & Privacy Liability Exposures and Insurance Presented By: Kevin Violette Errors & Omissions Senior Broker, R.T. Specialty, LLC February, 25 2014 HFMA Washington-Alaska Chapter
More informationThe 12 Essentials of PCI Compliance How it Differs from HIPPA Compliance Understand & Implement Effective PCI Data Security Standard Compliance
Date: 07/19/2011 The 12 Essentials of PCI Compliance How it Differs from HIPPA Compliance Understand & Implement Effective PCI Data Security Standard Compliance PCI and HIPAA Compliance Defined Understand
More informationData Breach Cost. Risks, costs and mitigation strategies for data breaches
Data Breach Cost Risks, costs and mitigation strategies for data breaches Tim Stapleton, CIPP/US Deputy Global Head of Professional Liability Zurich General Insurance Data Breaches: Greater frequency,
More information4/30/2015 CYBER LIABILITY AND AVIATION AGENDA LEARNING OBJECTIVES. Presented by Hal Hunt May 3, 2015
CYBER LIABILITY AND AVIATION Presented by Hal Hunt May 3, 2015 AGENDA Introduction Leaning Objectives Threat Examples Underwriting Protection/Cyber Policy Summary 2 LEARNING OBJECTIVES Understand Key Terms
More informationCYBER RISK SECURITY, NETWORK & PRIVACY
CYBER RISK SECURITY, NETWORK & PRIVACY CYBER SECURITY, NETWORK & PRIVACY In the ever-evolving technological landscape in which we live, our lives are dominated by technology. The development and widespread
More informationCyber Liability. AlaHA Annual Meeting 2013
Cyber Liability AlaHA Annual Meeting 2013 Disclaimer We are not providing legal advise. This Presentation is a broad overview of health care cyber loss exposures, the process in the event of loss and coverages
More informationAftermath of a Data Breach Study
Aftermath of a Data Breach Study Sponsored by Experian Data Breach Resolution Independently conducted by Ponemon Institute LLC Publication Date: January 2012 Ponemon Institute Research Report Aftermath
More informationThe Future of Data Breach Risk Management Response and Recovery. The Cybersecurity Forum April 14, 2016
The Future of Data Breach Risk Management Response and Recovery Increasing electronic product life and reliability The Cybersecurity Forum April 14, 2016 Today s Topics About Merchants Information Solutions,
More informationThink STRENGTH. Think Chubb. Cyber Insurance. Andrew Taylor. Asia Pacific Zone Product Manager Chubb Pro PI, Media, Cyber
Think STRENGTH. Think Chubb. Cyber Insurance Andrew Taylor Asia Pacific Zone Product Manager Chubb Pro PI, Media, Cyber The World Has Changed Then Now 1992 first text message More txt s that the entire
More informationMitigating and managing cyber risk: ten issues to consider
Mitigating and managing cyber risk: ten issues to consider The board of directors is responsible for managing and mitigating risk exposure. A recent study conducted by the Ponemon Institute 1 revealed
More informationCyberEdge. Desired Coverages. Application Form. Covers Required. Financial Information. Company or Trading Name: Address: Post Code: Telephone:
Company or Trading Name: Address: Post Code: Telephone: E-mail: Website: Date Business Established Number of Employees Do you have a Chief Privacy Officer (or Chief Information Officer) who is assigned
More informationData Breach and Cybersecurity: What Happens If You or Your Vendor Is Hacked
Data Breach and Cybersecurity: What Happens If You or Your Vendor Is Hacked Linda Vincent, R.N., P.I., CITRMS Vincent & Associates Founder The Identity Advocate San Pedro, California The opinions expressed
More informationManaging Cyber Risk through Insurance
Managing Cyber Risk through Insurance Eric Lowenstein Aon Risk Solutions This presentation has been prepared for the Actuaries Institute 2015 ASTIN and AFIR/ERM Colloquium. The Institute Council wishes
More informationCyber Threats: Exposures and Breach Costs
Issue No. 2 THREAT LANDSCAPE Technological developments do not only enhance capabilities for legitimate business they are also tools that may be utilized by those with malicious intent. Cyber-criminals
More informationData breach! cyber and privacy risks. Brian Wright Michael Guidry Lloyd Guidry LLC
Data breach! cyber and privacy risks Brian Wright Michael Guidry Lloyd Guidry LLC Collaborative approach Objective: To develop your understanding of a data breach, and risk transfer options to help you
More informationTNHFMA 2011 Fall Institute October 12, 2011 TAKING OUR CUSTOMERS BUSINESS FORWARD. The Cost of Payment Card Data Theft and Your Business
TAKING OUR CUSTOMERS BUSINESS FORWARD The Cost of Payment Card Data Theft and Your Business Aaron Lego Director of Business Development Presentation Agenda Items we will cover: 1. Background on Payment
More informationInsurance for Data Breaches in the Hospitality Industry
The Academy of Hospitality Industry Attorneys The Pl Palmer House Hilton Chicago, IL April 25, 2014 Insurance for Data Breaches in the Hospitality Industry Presenters: David P. Bender, Jr. dbender@andersonkill.com
More informationHow To Protect Yourself From Cyber Threats
Cyber Security for Non- Profit Organizations Scott Lawler CISSP- ISSAP, ISSMP, HCISPP Copyright 2015 LP3 May 2015 Agenda IT Security Basics e- Discovery Compliance Legal Risk Disaster Plans Non- Profit
More informationInternet Gaming: The New Face of Cyber Liability. Presented by John M. Link, CPCU Cottingham & Butler
Internet Gaming: The New Face of Cyber Liability Presented by John M. Link, CPCU Cottingham & Butler 1 Presenter John M. Link, Vice President jlink@cottinghambutler.com 2 What s at Risk? $300 billion in
More informationCyber/ Network Security. FINEX Global
Cyber/ Network Security FINEX Global ABOUT US >> We are one of the largest insurance brokers in the world >> We have over 180 years of history and experience in insurance; we currently operate in over
More informationACE Advantage PRIVACY & NETWORK SECURITY
ACE Advantage PRIVACY & NETWORK SECURITY SUPPLEMENTAL APPLICATION COMPLETE THIS APPLICATION ONLY IF REQUESTING COVERAGE FOR PRIVACY LIABILITY AND/OR NETWORK SECURITY LIABILITY COVERAGE. Please submit with
More informationHow To Cover A Data Breach In The European Market
SECURITY, CYBER AND NETWORK INSURANCE SECURING YOUR FUTURE Businesses today rely heavily on computer networks. Using computers, and logging on to public and private networks has become second nature to
More informationWhy Lawyers? Why Now?
TODAY S PRESENTERS Why Lawyers? Why Now? New HIPAA regulations go into effect September 23, 2013 Expands HIPAA safeguarding and breach liabilities for business associates (BAs) Lawyer is considered a business
More informationData security: A growing liability threat
Data security: A growing liability threat Data security breaches occur with alarming frequency in today s technology-laden world. Even a comparatively moderate breach can cost a company millions of dollars
More informationIT TRENDS AND FUTURE CONSIDERATIONS. Paul Rainbow CPA, CISA, CIA, CISSP, CTGA
IT TRENDS AND FUTURE CONSIDERATIONS Paul Rainbow CPA, CISA, CIA, CISSP, CTGA AGENDA BYOD Cloud Computing PCI Fraud Internet Banking Questions The Mobile Explosion Mobile traffic data in 2011 was nearly
More informationJefferson Glassie, FASAE Whiteford, Taylor & Preston
Jefferson Glassie, FASAE Whiteford, Taylor & Preston 2 * 3 PII = An individuals first name and last name or first initial and last name in combination with any one or more of the following data elements
More informationPrivacy Liability & Data Breach Management Nikos Georgopoulos 1 st Athens Privacy & Data Breach Management Conference
Privacy Liability & Data Breach Management Nikos Georgopoulos 1 st Athens Privacy & Data Breach Management Conference N.G. Privacy Liability Insurance Presentation to Athens 1 st Privacy & Data Breach
More informationCompromises in Healthcare Privacy due to Data Breaches
Compromises in Healthcare Privacy due to Data Breaches S. Srinivasan, PhD Distinguished Professor of Information Systems Jesse H. Jones School of Business Texas Southern University, Houston, Texas, USA
More informationOctober 24, 2014. Mitigating Legal and Business Risks of Cyber Breaches
October 24, 2014 Mitigating Legal and Business Risks of Cyber Breaches AGENDA Introductions Cyber Threat Landscape Cyber Risk Mitigation Strategies 1 Introductions 2 Introductions To Be Confirmed Title
More informationCyber Risks in Italian market
Cyber Risks in Italian market Milano, 01.10.2014 Forum Ri&Assicurativo Gianmarco Capannini Agenda 1 Cyber Risk - USA 2 Cyber Risk Europe experience trends Market size and trends Market size and trends
More informationPCI Compliance Are you at Risk? September 17, 2014 Dan Garrett/Matt Fluegge Vantiv
PCI Compliance Are you at Risk? September 17, 2014 Dan Garrett/Matt Fluegge Vantiv Security Challenges Desirability of Data 80% of all data breaches is payment card data (Verizon RISK team assessment)
More informationCyber Risks Management. Nikos Georgopoulos, MBA, cyrm Cyber Risks Advisor
Cyber Risks Management Nikos Georgopoulos, MBA, cyrm Cyber Risks Advisor 1 Contents Corporate Assets Data Breach Costs Time from Earliest Evidence of Compromise to Discovery of Compromise The Data Protection
More informationDATA BREACH COVERAGE
THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ THIS CAREFULLY. DATA BREACH COVERAGE SCHEDULE OF COVERAGE LIMITS Coverage Limits of Insurance Data Breach Coverage $50,000 Legal Expense Coverage $5,000
More informationCYBER & PRIVACY INSURANCE FOR FINANCIAL INSTITUTIONS
CYBER & PRIVACY INSURANCE FOR FINANCIAL INSTITUTIONS 1 As regulators around the world move to tighten compliance requirements for financial institutions, improvement in cyber security controls will become
More informationWhat s Wrong with Information Security Today? You are looking in the wrong places for the wrong things.
What s Wrong with Information Security Today? You are looking in the wrong places for the wrong things. AGENDA Current State of Information Security Data Breach Statics Data Breach Case Studies Why current
More informationRLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 123. Cybersecurity: A Growing Concern for Small Businesses
RLI PROFESSIONAL SERVICES GROUP PROFESSIONAL LEARNING EVENT PSGLE 123 Cybersecurity: A Growing Concern for Small Businesses Copyright Materials This presentation is protected by US and International Copyright
More informationTHE DATA BREACH: How to stay defensible before, during and after the incident. after the incident.
THE DATA BREACH: How to stay defensible before, during and after the incident. after the incident. September 22, 2015 Erica Ouellette Beazley Technology, Media & Business Services Alyson Newton, Executive
More informationPlan of Attack 5 Step Plan
Plan of Attack 5 Step Plan Naming those Digital Assets Practicing Digital Doomsday Training + Policies and Procedures Technology Tuning Security in the Supply Chain Next Steps Sample Plan 0 to 30 Days
More informationCybersecurity Workshop
Cybersecurity Workshop February 10, 2015 E. Andrew Keeney, Esq. Kaufman & Canoles, P.C. E. Andrew Keeney, Esq. Kaufman & Canoles, P.C. 150 West Main Street, Suite 2100 Norfolk, VA 23510 (757) 624-3153
More informationInsurance Considerations Related to Data Security and Breach in Outsourcing Agreements
Insurance Considerations Related to Data Security and Breach in Outsourcing Agreements Greater New York Chapter Association of Corporate Counsel November 19, 2015 Stephen D. Becker, Executive Vice President
More informationData Security Breaches: Learn more about two new regulations and how to help reduce your risks
Data Security Breaches: Learn more about two new regulations and how to help reduce your risks By Susan Salpeter, Vice President, Zurich Healthcare Risk Management News stories about data security breaches
More informationBeazley Group Beazley Breach Response. A data breach isn t always a disaster Mishandling it is.
Beazley Group Beazley Breach Response A data breach isn t always a disaster Mishandling it is. A world of risk 932.7m Personal records breached in the U.S. since 2005 3 51% The proportion of breaches attributable
More informationTen Questions Your Board Should be asking about Cyber Security. Eric M. Wright, Shareholder
Ten Questions Your Board Should be asking about Cyber Security Eric M. Wright, Shareholder Eric Wright, CPA, CITP Started my career with Schneider Downs in 1983. Responsible for all IT audit and system
More informationCyber Insurance Research Paper
Cyber Insurance Research Paper Sponsored by AIG Contents 2 Introduction 3 Legislative Environment 4 Other Jurisdictions 5 Cost of a Data Breach 6 Incident Response 7 What is Cyber Insurance? 8 Who is it
More informationHow-To Guide: Cyber Security. Content Provided by
How-To Guide: Cyber Security Content Provided by Who needs cyber security? Businesses that have, use, or support computers, smartphones, email, websites, social media, or cloudbased services. Businesses
More informationThe Cost of Payment Card Data Theft and Your Business. Aaron Lego Director of Business Development
The Cost of Payment Card Data Theft and Your Business Aaron Lego Director of Business Development Presentation Agenda Items we will cover: 1. Background on Payment Card Industry Data Security Standards
More informationcyber invasions cyber risk insurance AFP Exchange
Cyber Risk With cyber invasions now a common place occurrence, insurance coverage isn t found in your liability policy. So many different types of computer invasions exist, but there is cyber risk insurance
More informationCybercrime: Protecting Your Digital Assets in Today's Threat Landscape
Cybercrime: Protecting Your Digital Assets in Today's Threat Landscape Presented by Rachel Ratcliff OM03 Saturday, 10/5/2013 9:30 AM - 10:45 AM Cybercrime: Protecting Your Digital Assets in Today s Threat
More informationMedical Information Breaches: Are Your Records Safe?
Medical Information Breaches: Are Your Records Safe? Learning Objectives At the conclusion of this presentation the learner will be able to: Recognize the growing risk of data breaches Assess the potential
More informationWFG Title Agents Insurance Program wfgagents.usi.biz
WFG Title Agents Insurance Program wfgagents.usi.biz About The Program Partnership between USI and WFG American Land Title Association Compliance Best Practices of the ALTA Best Practice No. 3: Adopt and
More informationSecurityMetrics. PCI Starter Kit
SecurityMetrics PCI Starter Kit Orbis Payment Services, Inc. 42 Digital Drive, Suite 1 Novato, CA 94949 USA Dear Merchant, Thank you for your interest in Orbis Payment Services as your merchant service
More informationWHITE PAPER KEEPING CLIENT AND EMPLOYEE DATA SECURE DRIVES REVENUE AND BUILDS TRUST PROTECTING THE PROTECTOR
KEEPING CLIENT AND EMPLOYEE DATA SECURE DRIVES REVENUE AND BUILDS TRUST Protecting Identities. Enhancing Reputations. IDT911 1 DATA BREACHES AND SUBSEQUENT IDENTITY THEFT AND FRAUD THREATEN YOUR ORGANIZATION
More informationProtecting personally identifiable information: What data is at risk and what you can do about it
Protecting personally identifiable information: What data is at risk and what you can do about it Virtually every organization acquires, uses and stores personally identifiable information (PII). Most
More informationLangara College PCI Awareness Training
Langara College PCI Awareness Training Have you heard of PCI? Due to the increase of credit card fraud and identity theft, major credit card companies like Visa, MasterCard and Amex have formed a security
More informationDATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET
DATA BREACH BREAK DOWN LESSONS LEARNED FROM TARGET 2014 NSGA Management Conference John Webb Jr., CIC Emery & Webb, Inc. Inga Goddijn, CIPP/US Risk Based Security, Inc. Not just a big business problem
More informationInsuring Innovation. CyberFirst Coverage for Technology Companies
Insuring Innovation. CyberFirst for Technology Companies TECHNOLOGY IS EVERYWHERE. SO ARE THE THREATS. protection that goes well beyond a traditional general liability policy. CyberFirst CyberFirst is
More informationCybersecurity: Protecting Your Business. March 11, 2015
Cybersecurity: Protecting Your Business March 11, 2015 Grant Thornton. All LLP. rights All reserved. rights reserved. Agenda Introductions Presenters Cybersecurity Cybersecurity Trends Cybersecurity Attacks
More informationUpdates within Network Security and Privacy Risk Management
Updates within Network Security and Privacy Risk Management RIMS Minneapolis Meeting Melissa Krasnow, Partner, Dorsey & Whitney LLP (Minneapolis, MN) Mario Paez, Midwest Practice Leader for Tech., Privacy,
More informationIs Your Financial Institutions' Insurance Policy vulnerable to a cyber claim? Joan D Ambrosio, James Cooper and Kim West 22 January 2014
Is Your Financial Institutions' Insurance Policy vulnerable to a cyber claim? Joan D Ambrosio, James Cooper and Kim West 22 January 2014 Cyber Exposures Joan D Ambrosio Reported data breaches continue
More informationCYBER EXPOSURES OF SMALL AND MIDSIZE BUSINESSES A DIGITAL PANDEMIC. October 2014. Sponsored by:
CYBER EXPOSURES OF SMALL AND MIDSIZE BUSINESSES A DIGITAL PANDEMIC October 2014 Cyber Exposures of Small and Midsize Businesses A digital pandemic Executive Summary Gone are the days when data breaches,
More informationCyber Insurance Research Paper
Cyber Insurance Research Paper Sponsored by AIG Contents 2 Introduction 3 Legislative Environment 4 Other Jurisdictions 5 Cost of a Data Breach 6 Incident Response 7 What is Cyber Insurance? 9 Decision
More informationCyber Insurance Presentation
Cyber Insurance Presentation Presentation Outline Introduction General overview of Insurance About us Cyber loss statistics Cyber Insurance product coverage Loss examples Q & A About Us A- Rated reinsurance
More informationCyber Risk: Global Warning? by Cinzia Altomare, Gen Re
Cyber Risk: Global Warning? by Cinzia Altomare, Gen Re Global Warning It is a matter of time before there is a major cyber attackon the global financial system and the public needs to invest heavily in
More informationThe Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services
The Data Breach: How to stay defensible before, during and after the incident. Alex Ricardo, CIPP/US Breach Response Services What we are NOT doing today Providing Legal Advice o Informational Purposes
More informationUnderstanding Professional Liability Insurance
Understanding Professional Liability Insurance Definition Professional liability is more commonly known as errors & omissions (E&O) and is a form of liability insurance that helps protect professional
More informationCybersecurity: A Growing Concern for All Businesses. RLI Design Professionals Design Professionals Learning Event DPLE 160 October 7, 2015
Cybersecurity: A Growing Concern for All Businesses RLI Design Professionals Design Professionals Learning Event DPLE 160 October 7, 2015 RLI Design Professionals is a Registered Provider with The American
More informationCyber threat reality check GLOBAL TECHNOLOGY S RISK ADVISOR SERIES TURN RISK INTO ADVANTAGE THE THREAT IS GROWING IGNORING IT CAN BE COSTLY
GLOBAL TECHNOLOGY S RISK ADVISOR SERIES TURN RISK INTO ADVANTAGE WHY COMPLACENCY IS UNWARRANTED > WHERE CYBER THREATS COME FROM > THREE STEPS TO MANAGING CYBER THREATS > Cyber threat reality check THE
More informationBOARD OF GOVERNORS MEETING JUNE 25, 2014
CYBER RISK UPDATE BOARD OF GOVERNORS MEETING JUNE 25, 2014 EXECUTIVE SUMMARY Cyber risk has become a major threat to organizations around the world, as highlighted in several well-publicized data breaches
More informationCyber Risk in Healthcare AOHC, 3 June 2015
Cyber Risk in Healthcare AOHC, 3 June 2015 Kopiha Nathan, Senior Healthcare Risk Management and Data Specialist James Penafiel, Underwriting Supervisor, Insurance Operations CFPC Conflict of Interest -
More informationOakland Family Services - Was Your Email Hacked?
Oakland Family Services Information Breach FAQs 1. What happened? An unauthorized individual remotely gained access to the email account of one Oakland Family Services employee July 14, 2015 resulting
More informationCyber Risk, Legal And Regulatory Issues, And Insurance Mitigation ISACA Pittsburgh Information Security Awareness Day
Lloyd s of London (Reuters) May 8, 2000 Cyber Risk, Legal And Regulatory Issues, And Insurance Mitigation ISACA Pittsburgh Information Security Awareness Day Rivers Casino, Pittsburgh November 17, 2014
More informationEnterprise PrivaProtector 9.0
IRONSHORE INSURANCE COMPANIES 75 Federal St Boston, MA 02110 Toll Free: (877) IRON411 Enterprise PrivaProtector 9.0 Network Security and Privacy Insurance Application THE APPLICANT IS APPLYING FOR A CLAIMS
More informationIdentity Theft Security and Compliance: Issues for Business
Identity Theft Security and Compliance: Issues for Business The Facts Six Common Uses for Stolen Information Financial Criminal Medical DMV Social Security Terrorist The Facts A Chronology of Data Breaches
More informationPCI Compliance for Healthcare
PCI Compliance for Healthcare Best practices for securing payment card data In just five years, criminal attacks on healthcare organizations are up by a stunning 125%. 1 Why are these data breaches happening?
More informationSMB Data Breach Risk Management Best Practices. By Mark Pribish February 19, 2015
SMB Data Breach Risk Management Best Practices By Mark Pribish February 19, 2015 Presentation Agenda About Mark Pribish Information Governance The Threat Landscape Data Breach Trends Legislative and Regulatory
More informationCyber Liability & Data Breach Insurance Claims
Cyber Liability & Data Breach Insurance Claims A Study of Actual Payouts for Covered Data Breaches Mark Greisiger President NetDiligence June 2011 Last year, privacy breaches ran about 1-2 per week. This
More informationNZI LIABILITY CYBER. Are you protected?
NZI LIABILITY CYBER Are you protected? Any business that operates online is vulnerable to cyber attacks and data breaches. From viruses and hackers to employee error and system damage, your business is
More informationPayment Card Industry Data Security Standard Training. Chris Harper Vice President of Technical Services Secure Enterprise Computing, Inc.
Payment Card Industry Data Security Standard Training Chris Harper Vice President of Technical Services Secure Enterprise Computing, Inc. March 27, 2012 Agenda Check-In 9:00-9:30 PCI Intro and History
More information