In New Zealand cyber risk comes in many different forms and is found in many different parts of an organisation (not just in the IT department). We will explore the increase risk from cyber threats including: cyber theft and cyber fraud; cyber sabotage/terrorism; cyber warfare ;industrial espionage; hacking and Insider issues.
We know from our experience that the cost of cybercrime occurs across a range of areas - operational, financial, legal and reputational. This seminar explores the ongoing costs of cybercrime.
We will explore how organisations can manage cyber risk needs through: Greater public/ private cooperation, stronger and more sophisticated risk management, and specialised insurance.
Traditional Commercial General Liability, Property, Crime, Professional Indemnity and Kidnap & Ransom insurance may provide limited coverage for some losses arising from cyber events.
Cyber risk is a new risk discipline, much like D&O was nearly thirty years ago - meriting its own bespoke insurance coverage, and not merely patchwork extension of existing risks.
Dynamic IT Environment / Backdrop
Headline Cyber Events for Companies Overseas and in NZ
Cyber Risks Prevalent today for Business
Rising Cost of Cyber Threats to Business
Closer Review of applicable Legislation
What Can Companies Do to Protect Themselves
- Broader Co-operation
- Best Practices in Cyber Risk Management
Risk Factors and Risk Transfer
- Coverage Available
- Vendors and Risk Management
- Gaps in Traditional Insurance Policies
Application / Case Studies
- SME – Virus
- Retailer – Hack Attack
- Government Entity – Privacy Breach
Questions and Further Discussion