Panel Discussion on Issues Concerning Cyber Liability: Concerns regarding potential - and actual - cyber-attacks have ramped up dramatically in 2013. Join moderator Michael Vitulli and panelists Alan Goldsworthy (Razor Threat) Nancy Kelly (Governo Law Firm) and David Rees (R.K. Harrison Cyber and Technology Solutions).
(good through June 2013)
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Concerns regarding potential - and actual - cyber-attacks have ramped up dramatically in 2013. This cause for concern was enhanced earlier this year by an article appearing in the New York Times on February 19, 2013, titled "Chinese Army Unit Is Seen as Tied to Hacking Against U.S." The article states that, according to Mandiant, a computer security firm, a dedicated Chinese army unit has for a number of years been engaged in cyber hacking aimed squarely at American businesses, government agencies, and critical U.S. infrastructure, including the electrical power grid, gas lines, and waterworks.
Also unsettling have been recent disclosures by Facebook, Apple, and Microsoft that they have been victims of cyber intrusions. If sophisticated, tech-savvy companies like these admit to such incidents, how secure can the typical business really feel?
Closer to the concerns of the insurance and risk management community was Kevin LaCroix's February 25, 2013, piece in the D&O Diary titled "Will Cybersecurity Issues Drive the Next Big Securities Litigation Wave?" As Mr. LaCroix points out, any company that fails to disclose a hacking incident per the requirements stated within the Security and Exchange Commission's October 2011 memo, and then suffers a statistically significant drop in its share price, could well be the target of both a securities class action claim and a full-scale SEC investigation.
Learn how to identify, control, insure, manage, and transfer these complex and potentially catastrophic risks. You will also enjoy networking opportunities to build relationships with leaders in cyber and privacy risk management and insurance.
Michael Vitulli (Moderator)
Alan Goldsworthy (Panelist)
Nancy Kelly (Panelist)
David Rees (Panelist)
Event contact telephone: (Boston Club) 617-946-2828