Cyber Risks October

Size: px
Start display at page:

Download "www.bonddickinson.com Cyber Risks October 2014 2"

Transcription

1

2 Cyber Risks October

3 Why this emerging sector matters Justin Tivey Legal Director T: +44(0) E: justin.tivey The government estimates that the current cost of cyber-crime to UK businesses is 21bn a year. With the continuing rapid adoption of cloud computing technologies and rise in on-line attacks this is set to increase. Many businesses have an online presence through social media and have become publishers of content. In addition incidents arising from careless employees or paper records are equally damaging. Companies are increasingly concerned about how they deal with this liability and insurers are rising to the challenge by providing cover for cyber risks. Cyber risks give rise to problems concerning data protection, confidentiality, defamation and intellectual property rights as well as traditional liability issues. A denial of service attack, IT intrusion, loss of access to the Cloud or careless online posting could give rise to a range of issues often requiring immediate action to prevent further damage and to mitigate the consequences of problems already caused. Managing and responding to these emerging risks effectively requires a diverse set of skills, knowledge and experience all of which are offered by our multi-specialist Cyber Risks team. Support in managing cyber exposures We can assist Insurers and their Policyholders in all of the areas relevant to cyber risks. In particular: 1. assisting Insurers to understand the regulatory framework and contractual protection available to Policyholders - key to helping underwriters understand exposures and price risks 2. policy advice on how existing wordings might respond to cyber exposures and drafting wordings for bespoke policies 3. being part of the claim solution where there is a cyber-related event. Giving advice on policy response, advising Insured's how to react to hacking and data security breaches as well as resolving claims from third parties 4. review and audit of contracts and procedures to highlight exposures and providing training. Cyber Risks October

4 Our expertise Data protection We have a dedicated data protection team with extensive experience of advising on information security incidents and managing investigations by regulators such as the Information Commissioner. In our experience this expertise can be critical to ensure that risks are properly managed at an early stage and that appropriate advice is provided on the actions that should be taken. Employment Many data protection breaches emanate from current or former employees and our employment group has experience of advising in connection with the breach of confidentiality and employment issues which ensue. Information litigation Our expert litigators regularly defend organisations from online defamation allegations and deal with the mis-use of confidential information including obtaining injunctions for breach of confidence. Insurance Our insurance group has provided policy advice and claims defence services to the Insurance market for over 30 years. In a changing marketplace one priority remains unaltered, the need for the earliest possible cost effective resolution of claims. Our lawyers are energetic and pro-active developing effective solutions that meet the needs of insurer and insured clients. Our experience includes advising on claims and coverage concerning data protection and on-line defamation. Intellectual property Our intellectual property group is experienced in securing intellectual property rights and has particular experience in dealing with intellectual property issues in cyberspace including cybersquatting and the loss or corruption of intellectual property from cyber-attacks. Public relations advice and IT support To address the needs of clients and bring a true multi-disciplinary approach to problem solving we can involve our own support teams giving advice and assistance in managing communications with customers and the media or analysing systems to identify the source of attack and the technical solutions needed. In addition, for more significant and dedicated support we can involve external consultants in these areas with the required skills and resources to mitigate the impact of an incident. Technology contracts We have a dedicated Technology, Media and Telecommunications team with extensive experience in a full range of technology related contracts, outsourcing arrangements and high profile "cloud" deals. We understand the contractual frameworks that underlie this area. Our expertise is recognised in leading legal services directories. Cyber Risks October

5 Our track record A few examples of recent cases we have been involved in include advising and acting on behalf of: a national retailer after tens of thousands of customers' account information became corrupted during an IT upgrade by a negligent IT contractor. Data security was compromised and personal information was exposed on the internet. We advised our client on notifying its customers and how to put in place measures to avoid future reoccurrences. We also advised on recovering costs from the negligent contractor a large national surveyor on data protection, freedom of information and breach of privacy claims brought by litigants ensuring claims are defended properly while reputational harm and regulatory risk are minimised large public sector organisations in relation to serious protection data breaches. The security of data records was compromised. We advised the client on the possible level of harm to the data subjects and the client's obligations under the Data Protection Act. We assisted with the investigation of the security breach and preparation of the client's report to the ICO. As a result no further action was taken by the ICO a national retailer which was the victim of a cyber-attack by a rogue employee. Customer details were stolen from our client's IT systems and the employee contacted customers defaming the employer and other members of staff. We assisted our client in assessing the quality of its data control systems to be sure the data loss was not the result of a remote hack. We advised on the level of access afforded to employees to ensure it was appropriate under the Data Protection Act. We prepared a report to the ICO as a result of which further investigations by the ICO were dropped a leading on-line review site on managing its exposure to defamation claims. The client's site primarily comprised user generated content by both the public and paying subscribers. We advised the client on appropriate "notice and taken down" procedures to maximise potential defences to any defamation claim. We also advised on web site terms and conditions to place appropriate limits on user generated content. As a result when subsequently a defamation claim was brought it was defeated without the need for court proceedings an Insured fulfilment company who was contracted to produce and distribute communications on behalf of a building society. The Insured erroneously despatched several hundred communications to the wrong addresses. This meant personal information was received by the wrong recipients in breach of the Data Protection Act. We advised the Insured on managing its liability to the building society which resulted in a successful settlement one of the country's largest health and social care training providers dealing with the aftermath of a serious hacking incident, advising on issues relating to a criminal prosecution of the hacker and a civil claim against the hacker and the then incumbent IT provider. Advising on coverage under the provider's PI policy. Cyber Risks October

6 Our team The issues generated by cyber exposures and incidents stretch across traditional legal disciplines. Therefore teams across the firm are available to provide the advice and support that is most appropriate. Key contacts in relation to cyber risks support are as follows: Andrew Kimble Partner T: +44(0) E: andrew.kimble Data Protection and Confidentiality Andrew is a partner in the Technology, Media and Communications Team. He advises on all aspects of data protection, privacy and freedom of information work including client audits, complex outsourcing, international data transfer arrangements and data services projects. He also specialises in information technology including IT procurement and e-commerce. He advises the Interactive Media in Retail Group (the industry body for the online retail industry) on data protection and e- commerce matters and he is a member of the Society for Computers and the Law. Andrew has been actively involved through the Interactive Media in Retail Group in consultations at both a European and national level on the review of data protection legislation and codes of practice and guidance issued by the Information Commissioner. Julian Hamblin Partner T: +44(0) E: julian.hamblin Technology Contracts Julian is a partner in the Technology Media and Communications Team. He has specialised in information technology and intellectual property since He acts for major retailers and is well known for his experience in retail and financial services related IT systems. He represents a number of government bodies, retailers and financial services/insurance companies. The focus of his work is on development and licensing of computer software, procurement/outsourcing, and online services/e-commerce. Julian is a member of the Society for Computers and Law, The Intellectual Property Lawyers Organisation and an associate member of the Chartered Institute of Purchasing and Supply. Julian is recognised as a leader in the fields of information technology law and intellectual property law by Chambers Guide to the UK Legal Profession in which clients are quoted as saying he "gives the end product in the form of digestible, useful advice... depth of industry knowledge, especially in retail". Cyber Risks October

7 Justin Tivey Legal Director T: +44(0) E: justin.tivey Insurance Issues and Claims Justin is a legal director and advises across a range of policy coverage issues and defendant professional liability claims, including extensive experience of claims against insurance brokers, financial advisers, the technology sector and legal professionals. While familiar with litigation at all levels of the judicial system, Justin frequently uses direct negotiation or mediation to achieve the efficient resolution of claims. Justin is a regular writer of briefings and articles on developments in professional liability including recent cases affecting data handlers, technology professionals, and financial advisers as well as on insurance law and litigation procedures generally. Justin speaks regularly to clients and to professional audiences about topics of practical interest. Andy Parsons Managing Associate T: +44(0) E: andrew.parsons Technology Disputes & Breach Response Andrew is a senior associate in the dispute resolution team. He specialises in commercial disputes involving the supply of goods and services, IT/engineering projects, outsourcing arrangements and financial agreements. Andrew advises on corporate disputes regarding the breakdown of joint ventures, shareholder disagreements, director's duties and breach of warranty claims. He has expertise in managing disputes through a variety of forums including litigation, arbitration, expert determination and mediation. He also has a niche practice in contentious data protection matters. This includes advising on data transfer agreements, complaints by data subjects, enforcement action by the ICO and managing security breaches. Mark Pearce Partner T: +44(0) E: mark.pearce Intellectual Property Mark Pearce is a partner in the Intellectual Property Team and has specialised in intellectual property law for more than 20 years. His expertise covers both contentious and non-contentious intellectual property matters. On the contentious side he has experience of disputes relating to patent infringement and revocation, trade mark infringement and passing off, copyright and unregistered design right infringement and misuse of confidential information. Mark s non-contentious experience includes advising businesses on intellectual property strategies, acting on transactions involving the sale of substantial IP portfolios, patent licensing deals in a number of industries, trade mark licensing deals, joint development agreements (including complex multi-party arrangements) and contract research agreements. Cyber Risks October

8

Our specialist insurance services for Professionals risks

Our specialist insurance services for Professionals risks Our specialist insurance services for Professionals risks Price Forbes & Partners is an independent Lloyd s broker based in the heart of London s insurance sector. We trade with all of the major international

More information

Cyber and data Policy wording

Cyber and data Policy wording Please read the schedule to see whether Breach costs, Cyber business interruption, Hacker damage, Cyber extortion, Privacy protection or Media liability are covered by this section. The General terms and

More information

HCC International Information and Communication Technology

HCC International Information and Communication Technology HCC International Information and Communication Technology The Growth and Evolution of the ICT Market The Information and Communication Technology (ICT) sector remains one of the fastest growing, most

More information

Demystifying Cyber Insurance. Jamie Monck-Mason & Andrew Hill. Introduction. What is cyber? Nomenclature

Demystifying Cyber Insurance. Jamie Monck-Mason & Andrew Hill. Introduction. What is cyber? Nomenclature Demystifying Cyber Insurance Jamie Monck-Mason & Andrew Hill Introduction What is cyber? Nomenclature 1 What specific risks does cyber insurance cover? First party risks - losses arising from a data breach

More information

NZI LIABILITY CYBER. Are you protected?

NZI 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 information

CYBER RISK SECURITY, NETWORK & PRIVACY

CYBER 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 information

Cyber/ Network Security. FINEX Global

Cyber/ 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 information

Mitigating and managing cyber risk: ten issues to consider

Mitigating 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 information

C.I.P.D Information Pack. Presented by Frank Glennon Ltd. Charlemont House Charlemont Place Dublin 2

C.I.P.D Information Pack. Presented by Frank Glennon Ltd. Charlemont House Charlemont Place Dublin 2 C.I.P.D Information Pack Presented by Frank Glennon Ltd. Charlemont House Charlemont Place Dublin 2 1 Information Pack for Proposed Professional Indemnity Insurance for C.I.P.D. members arranged by Frank

More information

Why choose Zurich for Directors and Officers liability insurance cover? Reassurance you re in safe hands

Why choose Zurich for Directors and Officers liability insurance cover? Reassurance you re in safe hands Why choose Zurich for Directors and Officers liability insurance cover? Reassurance you re in safe hands It s risky at the top The directors and officers in your company are in a position of responsibility.

More information

How To Cover A Data Breach In The European Market

How 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 information

PROFESSIONAL INDEMNITY INSURANCE

PROFESSIONAL INDEMNITY INSURANCE ESSENTIAL BUSINESS INSURANCE COVER POLICY RISK FACT introducing FirstUnited FirstUnited is a leading insurance intermediary group operating in Malta and under Freedom of Services throughout the EU. We

More information

CYBER-ATLAS A COMPLETE CYBER RISK MANAGEMENT SOLUTION

CYBER-ATLAS A COMPLETE CYBER RISK MANAGEMENT SOLUTION CYBER-ATLAS A COMPLETE CYBER RISK MANAGEMENT SOLUTION CYBER-ATLAS A COMPLETE CYBER RISK MANAGEMENT SOLUTION In the ever-evolving technological landscape which we all inhabit, our lives are dominated by

More information

Cyber Risk Management

Cyber Risk Management Cyber Risk Management A short guide to best practice Insight October 2014 So what exactly is 'cyber risk'? In essence, cyber risk means the risk connected to online activity and internet trading but also

More information

Hacks, apps and espionage - how protected are you against cyber crime? Top 10 Legal Need-to-Knows

Hacks, apps and espionage - how protected are you against cyber crime? Top 10 Legal Need-to-Knows Hacks, apps and espionage - how protected are you against cyber crime? Top 10 Legal Need-to-Knows 24 February 2015 Callum Sinclair Faith Jayne Agenda Top 10 legal need-to-knows, including: What is cyber

More information

DAC Beachcroft Dublin

DAC Beachcroft Dublin DAC Beachcroft Dublin An international law firm in Ireland DAC Beachcroft Dublin DAC Beachcroft Dublin specialises in insurance, professional indemnity, defendant personal injury, health, commercial litigation,

More information

How not to lose your head in the Cloud: AGIMO guidelines released

How not to lose your head in the Cloud: AGIMO guidelines released How not to lose your head in the Cloud: AGIMO guidelines released 07 December 2011 In brief The Australian Government Information Management Office has released a helpful guide on navigating cloud computing

More information

Who s next after TalkTalk?

Who s next after TalkTalk? Who s next after TalkTalk? Frequently Asked Questions on Cyber Risk Fraud threat to millions of TalkTalk customers TalkTalk cyber-attack: website hit by significant breach These are just two of the many

More information

Information and Communication Technology, Cyber and Data Security

Information and Communication Technology, Cyber and Data Security Information and Communication Technology, Cyber and Data Security Contents Information and Communication Technology 1 ICT Professional Indemnity 2 Claims scenarios 4 Cyber and Data Security 5-7 Claims

More information

IP Considerations in Outsourcing Agreements

IP Considerations in Outsourcing Agreements IP Considerations in Outsourcing Agreements Speakers: Moderator: Diana Mansour, Associate, Gardner Roberts LLP Mathew Snell, GTS Canada Senior Counsel, IBM Canada Ildiko Mehes, VP and General Counsel,

More information

Cyber and Data Security. Proposal form

Cyber and Data Security. Proposal form Cyber and Data Security Proposal form This proposal form must be completed and signed by a principal, director or a partner of the proposed insured. Cover and Quotation requirements Please indicate which

More information

Data 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 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 information

GALLAGHER CYBER LIABILITY PRACTICE. Tailored Solutions for Cyber Liability and Professional Liability

GALLAGHER 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 information

The Recover Report. It s business. But it s personal.

The Recover Report. It s business. But it s personal. The Recover Report It s business. But it s personal. Executive summary The Recover Report The perpetrators This report examines a sample of 150 data theft cases handled by Mishcon de Reya. Our research

More information

Understanding Professional Liability Insurance

Understanding 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 information

Data breach, cyber and privacy risks. Brian Wright Lloyd Wright Consultants Ltd

Data 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 information

Life Sciences & Healthcare

Life Sciences & Healthcare Life Sciences & Healthcare 03 Taylor Wessing is a leading European law firm advising life sciences and healthcare businesses, those who fund them and those who work for them Taylor Wessing has been voted:

More information

Media Liability Insurance

Media Liability Insurance Media Liability Insurance Media Liability Insurance A highly responsive solution to a fast moving media world. By its very nature, the media industry is fast moving, dynamic and constantly evolving. Development

More information

Cyber Risk Checklist: Compliance with Legal Obligations Grand Rapids Cyber Security Conference April 23, 2014

Cyber Risk Checklist: Compliance with Legal Obligations Grand Rapids Cyber Security Conference April 23, 2014 Cyber Risk Checklist: Compliance with Legal Obligations Grand Rapids Cyber Security Conference April 23, 2014 2014, Mika Meyers Beckett & Jones PLC All Rights Reserved Presented by: Jennifer A. Puplava

More information

Management Liability Policy

Management Liability Policy Management Liability Policy Summary of cover November 2015 edition Why choose AXA s Management liability policy? The Management liability policy is available to any UK registered business excluding those

More information

OFFICE: London Dashwood 69 Old Broad Street London, EC2M. T: +44 (0) 20 7556 4425 E: mdeem@cooley.com

OFFICE: London Dashwood 69 Old Broad Street London, EC2M. T: +44 (0) 20 7556 4425 E: mdeem@cooley.com MARK DEEM PARTNER OFFICE: London Dashwood 69 Old Broad Street London, EC2M T: +44 (0) 20 7556 4425 E: mdeem@cooley.com PRACTICES: Aviation Commercial Litigation Communications Digital Media & Entertainment

More information

Solicitors. Sought after legal advice. Dispute Resolution at. Steeles Law

Solicitors. Sought after legal advice. Dispute Resolution at. Steeles Law Steeles Law Solicitors Sought after legal advice Dispute Resolution at Steeles Law About Us We understand that disputes are stressful. No-one wants to find themselves embroiled in litigation, which is

More information

May 2013. Dispute Perspectives Dispute Management of Software Escrow Agreements

May 2013. Dispute Perspectives Dispute Management of Software Escrow Agreements May 2013 Dispute Perspectives Dispute Management of Software Escrow Agreements From the Editor s desk Dear Friends, Welcome to our fifth issue of Dispute Perspectives a periodic newsletter that will provide

More information

a refreshingly different approach

a refreshingly different approach a refreshingly different approach Finding a lawyer is easy But is a lawyer what you want? What clients need are advisers capable of delving beneath the legalities and delivering the result required. What

More information

Airmic Review of Recent Developments in the Cyber Insurance Market. & commentary on the increased availability of cyber insurance products GUIDE

Airmic Review of Recent Developments in the Cyber Insurance Market. & commentary on the increased availability of cyber insurance products GUIDE Airmic Review of Recent Developments in the Cyber Insurance Market & commentary on the increased availability of cyber insurance products GUIDE 1. Executive summary Airmic members have become increasingly

More information

Specialist insurance and risk implications for prepaid an update. Prepaid International Forum Osborne Clarke London Thursday 9 th February 2012

Specialist insurance and risk implications for prepaid an update. Prepaid International Forum Osborne Clarke London Thursday 9 th February 2012 Specialist insurance and risk implications for prepaid an update Prepaid International Forum Osborne Clarke London Thursday 9 th February 2012 Introduction To update our presentation of 24 th February

More information

Cyber Risk: Global Warning? by Cinzia Altomare, Gen Re

Cyber 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 information

INTERNATIONAL LAWYERS A GUIDE FOR AND CLIENTS

INTERNATIONAL LAWYERS A GUIDE FOR AND CLIENTS INTERNATIONAL LAWYERS A GUIDE FOR AND CLIENTS The Chancery Bar Association was established in 1935 and is the oldest specialist bar association in England and Wales. In addition to its 1,200 members who

More information

Security & Privacy Current cover and Risk Management Services

Security & Privacy Current cover and Risk Management Services Security & Privacy Current cover and Risk Management Services Introduction Technological advancement has enabled greater working flexibility and increased methods of communications. However, new technology

More information

SINGAPORE 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 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 information

Come rain or shine Commercial solutions for corporate lives

Come rain or shine Commercial solutions for corporate lives 02 03 Because tomorrow there may be an opportunity Because tomorrow things may go wrong Because you need a law firm to guide you through whatever tomorrow may bring. 04 No matter how small or large your

More information

THE NEW REALITY OF RISK CYBER RISK: TRENDS AND SOLUTIONS

THE NEW REALITY OF RISK CYBER RISK: TRENDS AND SOLUTIONS THE NEW REALITY OF RISK CYBER RISK: TRENDS AND SOLUTIONS Read the Marsh Risk Management Research Briefing: Cyber Risks Extend Beyond Data and Privacy Exposures To access the report, visit www.marsh.com.

More information

Business lawyers who speak your language...

Business lawyers who speak your language... www.vyman.co.uk Business lawyers who speak your language... Vyman is a young, dynamic law firm, established in 1998 having now grown to a complement of three offices: Harrow, Gravesend and Medway. If you

More information

Cybercrime: risks, penalties and prevention

Cybercrime: risks, penalties and prevention Cybercrime: risks, penalties and prevention Cyber attacks have been appearing in the news with increased frequency and recent victims of cybercrime have included well-known companies such as Sony, LinkedIn,

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Cover Overview Professional Indemnity Select Cover Overview Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

Professional Indemnity Select

Professional Indemnity Select Allianz Insurance plc Professional Indemnity Select Policy Overview Policy Overview Professional Indemnity Select Contents Thank you for choosing Allianz Insurance plc. We are one of the largest general

More information

Cyber Security - What Would a Breach Really Mean for your Business?

Cyber Security - What Would a Breach Really Mean for your Business? Cyber Security - What Would a Breach Really Mean for your Business? August 2014 v1.0 As the internet has become increasingly important across every aspect of business, the risks posed by breaches to cyber

More information

Managing Cyber Risk through Insurance

Managing 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 information

PCL2\13991300\1 CYBER RISKS: RISK MANAGEMENT STRATEGIES

PCL2\13991300\1 CYBER RISKS: RISK MANAGEMENT STRATEGIES PCL2\13991300\1 CYBER RISKS: RISK MANAGEMENT STRATEGIES Cyber Attacks: How prepared are you? With barely a day passing without a reported breach of corporate information security, the threat to financial

More information

Reducing Risk. Raising Expectations. CyberRisk and Professional Liability

Reducing Risk. Raising Expectations. CyberRisk and Professional Liability Reducing Risk. Raising Expectations. CyberRisk and Professional Liability Are you exposed to CyberRisk? Like nearly every other business, you have likely capitalized on the advancements in technology today

More information

The Risk Being Accountable How Professionals can be Exposed How to Minimise the Risk

The Risk Being Accountable How Professionals can be Exposed How to Minimise the Risk The Risk Being Accountable One thing is certain reputation damage caused by litigation can be devastating. Professional consulting businesses, and individuals providing specialist expertise, are under

More information

Cyber-insurance: Understanding Your Risks

Cyber-insurance: Understanding Your Risks Cyber-insurance: Understanding Your Risks Cyber-insurance represents a complete paradigm shift. The assessment of real risks becomes a critical part of the analysis. This article will seek to provide some

More information

Anatomy of a Hotel Breach

Anatomy of a Hotel Breach Page 1 of 6 Anatomy of a Hotel Breach Written by Sandy B. Garfinkel Monday, 09 June 2014 15:22 Like 0 Tweet 0 0 Data breach incidents have dominated the news in 2014, and they are only becoming more frequent

More information

Sport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select

Sport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select Allianz Insurance plc Sport & Social Clubs and Not For Profit Organisations Directors & Officers Liability Select Policy Overview Product Name/Subject Line Professional Indemnity Policy Overview Contents

More information

Managing General Agents (MGAs) Guideline

Managing General Agents (MGAs) Guideline Managing General Agents (MGAs) Guideline JUNE 2013 DRAFT FOR COMMENT BC AUTHORIZED LIFE INSURERS www.fic.gov.bc.ca PURPOSE This draft guideline outlines best practices that the Financial Institutions Commission

More information

CYBER/ NETWORK SECURITY

CYBER/ NETWORK SECURITY CYBER/ NETWORK SECURITY FINEX AUSTRALIA 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 information

Specialty Risk Protector

Specialty Risk Protector Specialty Professional Liability and Data and Network Security Insurance is a single policy that makes it easy for companies to secure the multi-faceted E&O protection our networked world requires. A simplified,

More information

Coverage is subject to a Deductible

Coverage is subject to a Deductible Frank Cowan Company Limited 75 Main Street North, Princeton, ON N0J 1V0 Phone: 519-458-4331 Fax: 519-458-4366 Toll Free: 1-800-265-4000 www.frankcowan.com CYBER RISK INSURANCE DETAILED APPLICATION Notes:

More information

PLEASE NOTE: THIS POLICY WILL END EFFECTIVE NOVEMBER 10, 2013 AND WILL BE REPLACED BY THE INTERACTIVE RESOLUTION POLICY ON NOVEMBER 11, 2013.

PLEASE NOTE: THIS POLICY WILL END EFFECTIVE NOVEMBER 10, 2013 AND WILL BE REPLACED BY THE INTERACTIVE RESOLUTION POLICY ON NOVEMBER 11, 2013. PLEASE NOTE: THIS POLICY WILL END EFFECTIVE NOVEMBER 10, 2013 AND WILL BE REPLACED BY THE INTERACTIVE RESOLUTION POLICY ON NOVEMBER 11, 2013. TOYOTA ASSOCIATE DISPUTE RESOLUTION ( T-ADR ): Summary Description

More information

Due Diligence Request List: IP and IT

Due Diligence Request List: IP and IT PLC Intellectual Property & Technology An intellectual property (IP) and information technology (IT) due diligence request list for use in connection with an M&A transaction. This request list is designed

More information

Complete Directors & Officers

Complete Directors & Officers Allianz Insurance plc Complete Directors & Officers Introduction For Intermediary Use Only What is Directors & Officers insurance? Directors & Officers insurance offers personal liability cover for company

More information

ISO? ISO? ISO? LTD ISO?

ISO? ISO? ISO? LTD ISO? Property NetProtect 360 SM and NetProtect Essential SM Which one is right for your client? Do your clients Use e-mail? Rely on networks, computers and electronic data to conduct business? Browse the Internet

More information

Architects and Engineers Professional Liability Insurance Summary

Architects and Engineers Professional Liability Insurance Summary Architects and Engineers Professional Liability Insurance Summary Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation

More information

CYBER SECURITY AND RISK MANAGEMENT. An Executive level responsibility

CYBER SECURITY AND RISK MANAGEMENT. An Executive level responsibility CYBER SECURITY AND RISK MANAGEMENT An Executive level responsibility Cyberspace poses risks as well as opportunities Cyber security risks are a constantly evolving threat to an organisation s ability to

More information

THE ANATOMY OF A CYBER POLICY. Jamie Monck-Mason & Andrew Hill

THE ANATOMY OF A CYBER POLICY. Jamie Monck-Mason & Andrew Hill THE ANATOMY OF A CYBER POLICY Jamie Monck-Mason & Andrew Hill What s in a name? Lack of uniformity in policies: Cyber Cyber liability Data protection Tech PI The scope of cyber insurance First party coverage

More information

Professional indemnity Summary of cover

Professional indemnity Summary of cover Professional indemnity Summary of cover Architects & Engineers October 2014 Why choose AXA s Architects & Engineers Professional indemnity insurance? AXA s Architects & Engineers Professional indemnity

More information

Cyber Insurance Presentation

Cyber 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 information

Design and Construct. www.cnaeurope.com. Your specialist commercial insurance partner across Europe

Design and Construct. www.cnaeurope.com. Your specialist commercial insurance partner across Europe Design and Construct www.cnaeurope.com Your specialist commercial insurance partner across Europe What is Contractors insurance? Professional Indemnity Insurance is an essential safeguard for every business

More information

Cyber Risks Connect With Directors and Officers

Cyber Risks Connect With Directors and Officers Cyber Risks Connect With Directors and Officers Implications of the New SEC Guidance on Cyber Security February 2012 Lockton Companies, LLC The Securities and Exchange Commission (SEC) has changed the

More information

Implementing Electronic Medical Records (EMR): Mitigate Security Risks and Create Peace of Mind

Implementing Electronic Medical Records (EMR): Mitigate Security Risks and Create Peace of Mind Page1 Implementing Electronic Medical Records (EMR): Mitigate Security Risks and Create Peace of Mind The use of electronic medical records (EMRs) to maintain patient information is encouraged today and

More information

Document Control. Version Control. Sunbeam House Services Policy Document. Data Breach Management Policy. Effective Date: 01 October 2014

Document Control. Version Control. Sunbeam House Services Policy Document. Data Breach Management Policy. Effective Date: 01 October 2014 Document Control Policy Title Data Breach Management Policy Policy Number 086 Owner Information & Communication Technology Manager Contributors Information & Communication Technology Team Version 1.0 Date

More information

Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management

Care Providers Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management Care Providers Protecting your organisation, supporting its success Risk Management Insurance Employee Benefits Investment Management Care providers are there to help those in need. But who helps the care

More information

Family law. www.leedsday.co.uk. Providing intelligent legal solutions Providing intelligent legal solutions Providing intelligent legal solutions

Family law. www.leedsday.co.uk. Providing intelligent legal solutions Providing intelligent legal solutions Providing intelligent legal solutions Family law The Family team at Leeds Day understands that Family and Matrimonial matters require more than just keen negotiating skills and technical excellence. We never lose sight of the real issues that

More information

Delaware Cyber Security Workshop September 29, 2015. William R. Denny, Esquire Potter Anderson & Corroon LLP

Delaware Cyber Security Workshop September 29, 2015. William R. Denny, Esquire Potter Anderson & Corroon LLP Changing Legal Landscape in Cybersecurity: Implications for Business Delaware Cyber Security Workshop September 29, 2015 William R. Denny, Esquire Potter Anderson & Corroon LLP Agenda Growing Cyber Threats

More information

Data 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 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 information

Specialists at minimising risk exposure. Professional Indemnity Insurance Policy Overview & Benefits

Specialists at minimising risk exposure. Professional Indemnity Insurance Policy Overview & Benefits Specialists at minimising risk exposure Professional Indemnity Insurance Policy Overview & Benefits Professional Indemnity Insurance Policy Overview and Benefits Policy Overview Organisations and individuals

More information

LEEDS BECKETT UNIVERSITY. Information Security Policy. 1.0 Introduction

LEEDS BECKETT UNIVERSITY. Information Security Policy. 1.0 Introduction LEEDS BECKETT UNIVERSITY Information Security Policy 1.0 Introduction 1.1 Information in all of its forms is crucial to the effective functioning and good governance of our University. We are committed

More information

CYBER SECURITY Cyber Security for Canadian Directors in the Wake of Ashley Madison

CYBER SECURITY Cyber Security for Canadian Directors in the Wake of Ashley Madison CYBER SECURITY Cyber Security for Canadian Directors in the Wake of Ashley Madison Gary Solway* Bennett Jones LLP The August release of the purported names and other details of over 35 million customers

More information

YOUR TRUSTED PARTNER IN A DIGITAL AGE. A guide to Hiscox Cyber and Data Insurance

YOUR TRUSTED PARTNER IN A DIGITAL AGE. A guide to Hiscox Cyber and Data Insurance YOUR TRUSTED PARTNER IN A DIGITAL AGE A guide to Hiscox Cyber and Data Insurance 2 THE CYBER AND DATA RISK TO YOUR BUSINESS This digital guide will help you find out more about the potential cyber and

More information

SINGAPORE NATIONAL CO-OPERATIVE FEDERATION. Presentation on Managerial and Professional exposures

SINGAPORE NATIONAL CO-OPERATIVE FEDERATION. Presentation on Managerial and Professional exposures SINGAPORE NATIONAL CO-OPERATIVE FEDERATION Presentation on Managerial and Professional exposures 2 Important Notice Full details of the terms, clauses, conditions, limitations and exclusions of the various

More information

CYBER & PRIVACY LIABILITY INSURANCE GUIDE

CYBER & PRIVACY LIABILITY INSURANCE GUIDE CYBER & PRIVACY LIABILITY INSURANCE GUIDE 01110000 01110010 011010010111011001100001 01100 01110000 01110010 011010010111011001100001 0110 Author Gamelah Palagonia, Founder CIPM, CIPT, CIPP/US, CIPP/G,

More information

Business Insurance Professional indemnity section for RIBA &/or RIAS architects Summary of cover

Business Insurance Professional indemnity section for RIBA &/or RIAS architects Summary of cover Business Insurance Professional indemnity section for RIBA &/or RIAS architects Summary of cover About this document This document is a summary of the insurance provided and does not contain the full terms

More information

September 2008. Claims Guideline

September 2008. Claims Guideline September 2008 Claims Guideline CLAIMS GUIDELINE Table of Contents 1 INTRODUCTION... 1 2 PURPOSE OF THE GUIDELINE... 1 3 DEFINITIONS... 2 MARKET CONDUCT 4 GENERAL REQUIREMENTS... 3 5 CLAIMS NOTIFICATION...

More information

What is Cyber Security?

What is Cyber Security? & Cyber Security The threat: trojans, trap doors malware, packet sniffers, worms, viruses, hacking and denial of service. Physical security is insufficient protection against these new forms of threat.

More information

Legal Considerations: Best Practice Overview. EMPLOYMENT GROUP: DLA Piper UK LLP

Legal Considerations: Best Practice Overview. EMPLOYMENT GROUP: DLA Piper UK LLP SENIOR EXECUTIVE ISSUES Legal Considerations: Best Practice Overview EMPLOYMENT GROUP: DLA Piper UK LLP Senior executives have a massive impact on all aspects of a business: from setting and delivering

More information

Get experience on your side. Contractors and Consultants. Environmental Package Insurance

Get experience on your side. Contractors and Consultants. Environmental Package Insurance Get experience on your side Contractors and Consultants Environmental Package Insurance Contractors and Consultants Why you should choose ENCON's Environmental Package Insurance As a contractor or consultant,

More information

What is Cyber Security? Why work with us?

What is Cyber Security? Why work with us? & Cyber Security The threat: trojans, trap doors malware, packet sniffers, worms, viruses, hacking and denial of service. Physical security is insufficient protection against these new forms of threat.

More information

Cyber Security and Privacy Services. Working in partnership with you to protect your organisation from cyber security threats and data theft

Cyber Security and Privacy Services. Working in partnership with you to protect your organisation from cyber security threats and data theft Cyber Security and Privacy Services Working in partnership with you to protect your organisation from cyber security threats and data theft 2 Cyber Security and Privacy Services What drives your security

More information

Intellectual property experts SPAIN

Intellectual property experts SPAIN Intellectual property experts SPAIN Roland & Douglas Patentes y Marcas Protection and strategy: the mainstays of defending our clients interests Roland & Douglas Patentes y Marcas Roland & Douglas is

More information

Employment Law Services

Employment Law Services Employment Law Services At Square One Law we measure our success by the strength of our client relationships. The constant developments in employment law present our employer clients with more challenges

More information

Cyber Risks in the Boardroom

Cyber Risks in the Boardroom Cyber Risks in the Boardroom Managing Business, Legal and Reputational Risks Perspectives for Directors and Executive Officers Preparing Your Company to Identify, Mitigate and Respond to Risks in a Changing

More information

Taking Action. Dispute resolution, legal action and claims for negligence

Taking Action. Dispute resolution, legal action and claims for negligence Taking Action Dispute resolution, legal action and claims for negligence Taking Action Part 3: Dispute Resolution, taking legal action and claims for negligence Introduction If you believe an architect

More information

Cyber-Crime Protection

Cyber-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 information

DGI04 Liability Insurance Underwriting

DGI04 Liability Insurance Underwriting DGI04 Liability Insurance Underwriting Module Description: This module aims to provide the candidate with the knowledge and skills in commercial liability insurance operations. It deals with the legal

More information

Charities & Not for Profit Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management

Charities & Not for Profit Protecting your organisation, supporting its success. Risk Management Insurance Employee Benefits Investment Management Charities & Not for Profit Protecting your organisation, supporting its success Risk Management Insurance Employee Benefits Investment Management Charities are there to help those in need. But who helps

More information

Surveyors Professional Liability Insurance Summary

Surveyors Professional Liability Insurance Summary Surveyors Professional Liability Surveyors Professional Liability Underwritten by a member of the QBE Insurance Group (QBE) This insurance is an annual contract unless stated otherwise in the quotation

More information

LAHLOU Avocats & Associés. LAHLOU LAW FIRM Casablanca

LAHLOU Avocats & Associés. LAHLOU LAW FIRM Casablanca LAHLOU Avocats & Associés 3 OUR FIRM is a practice specialised in business law. It was founded by Saâd LAHLOU in 2006. Our strategy is twofold. We focus our development efforts, our knowledge and our

More information

MANAGING DIGITAL RISKS IN THE RETAIL WORLD

MANAGING DIGITAL RISKS IN THE RETAIL WORLD Risk Insight WILLIS RETAIL PRACTICE MANAGING DIGITAL RISKS IN THE RETAIL WORLD The retail sector has been revolutionised by developments in the digital world, opening up a whole new way to access consumers

More information

Security Incident Management Policy

Security Incident Management Policy Security Incident Management Policy January 2015 Document Version 2.4 Document Status Owner Name Owner Job Title Published Martyn Ward Head of ICT Business Delivery Document ref. Approval Date 27/01/2015

More information

UIBL TOBA. United Insurance Brokers Ltd. Terms of Business Agreement

UIBL TOBA. United Insurance Brokers Ltd. Terms of Business Agreement TOBA United Insurance Brokers Ltd Terms of Business Agreement 1. Introduction and business service United Insurance Brokers Ltd () is an independent international insurance and reinsurance (1) Lloyd s

More information