Cyber and Data Compromise

IINA

204-10109-106 Street, Edmonton, AB, T5J 3L7 [Map]
Date and Time: February 12, 2019 8:45 a.m. - Noon

IN-CLASS | BUILDING | TECHNICAL

Virtually every business relies on data and computer systems. When these systems experience a virus or other computer attack, a business is at real risk of losing critical information that is essential to daily operations and potentially exposing itself to third party liability. Cyber attacks are a serious problem for small businesses, which often have limited security and technical resources. Light security makes them easy targets.

Computer viruses are a growing problem, and a cyber attack can significantly impact a business's bottom line. System and data recovery can result in lost income, and can tally thousands in recovery costs. What's more, liability from insufficient systems security can lead to expensive lawsuits.

Businesses and institutions have a responsibility to safeguard the data of clients, employees and others. Small to mid-sized companies are vulnerable to data breaches by computer hackers, thieves and dishonest employees or data can be lost through an accidental or inadvertent release. Yet many business lack the resources to respond effectively.

Cyber risk insurance is designed to help small businesses recover from damage to data and systmes caused by a computer attack. Learn about differences in company wordings and what the key areas are for brokers and underwriters to pay attention to.

The damage to a company's sales and reputation depends on the actions it takes in response to a data breach. Data Compromise coverage is designed to help small to mid-sized businesses investigate a data breach, notify affectced individuals, and provide fraud alerts, case management and other services that help prevent identity theft and fraud following a breach of personal identifying information.

Brokers: Will gain a clear understanding of what Cyber coverage insurance and will review and learn more details on Federal Mandatory Data Breach notification laws coming into force Nov 1,2018.  

Underwriters: will better understand what triggers Cyber coverage and have a better understanding of what is Personally Identifying Information. 

Claims Adjusters: Through loss examples will gain a clear view in the event of an incident what a policy covers, plus get examples of what kinds of Data Breaches can happen to small businesses and what the policy is intending to cover.

By attending this seminar you will learn:

-What is a cyber attack

-Understand coverage for third party liability

-Identify ways to prevent a Data Breach

-How to identify if a Data Breach has occurred

-What the policy coverage includes if a breach has happened

-Clear understanding of Data Breach Notification Laws that came into force Nov 1,2018

Presenter: Tachelle Caglar CIP. has been with BI&I in Business Development for 5 years, previously she worked in Personal and Commercial Underwriting.

Format:

Registration: 8:30 a.m.
8:45 a.m. - Noon

Coffee, and snacks included

CE Credits:
AIC Course ID # 50583 - 3 CE Hours General & Adjuster

Please be aware that tardy arrival to or early departure from any seminar or, in the case of a webinar an incomplete session as a result of unresolvable technical difficulties, will preclude IINA from issuing a CE certificate for the seminar.

Registration Deadline:  February 11, 2019 

Cancellation:  Sorry, no refunds issued, with the exception of an incomplete session as a result of unresolvable technical difficulties. Substitution of another person is acceptable - please notify us of such changes so CE records can be adjusted appropriately. IINA reserves the right to cancel this seminar due to unforeseen extenuating circumstances - in such an event, all fees will be refunded.

PRICES BELOW ARE BEFORE TAX. (For on-line registrants, please ensure you are being charged the correct price as shown below)