Cyber and data risk insurance is becoming critical to businesses that operate online, as cyber-attacks are increasing exponentially in terms of frequency, scope, costs and overall impact. With even the best compliance practices in place, it is impossible to guarantee that the private information of consumers and employees will be protected. State Attorneys General and the Federal Trade Commission are becoming more active in investigating and penalizing companies who fail to adequately prevent or respond to a data breach. Additionally, there has been an increase in federal and state legislation and a rise in private actions in the form of mass class actions that are sure to significantly impact this industry.
Demand for cyber and data risk insurance is growing rapidly as businesses are focusing their efforts to address their information risk and data security needs.Broader cyber risk insurance policies have emerged, covering costs relating to responding to a data breach including: notification costs, credit monitoring costs, forensic investigations, call center support, public relations and defense of a claim brought by individuals or federal and state officials.
In light of these risks and exposures, it is critical that you are up to date with the trends in the fast evolving area of cyber and data risk insurance. That is why American Conference Institute developed our successful and well-attended Cyber & Data Risk Insurance Conference in September 2007 and the response in 2008 and 2009 was even better. To those who have attended, come to this 4th annual event — now in New York City — for a revised and updated agenda and to hear from the best and the brightest in the industry, including the FTC, the OTS, the FBI, 2 State Attorneys General and an Assistant Attorney General. For first-time attendees, this conference is your best opportunity to get the tools you need to learn about the new policies, including pricing and negotiating specific coverage, mitigating risks associated with e-business, and to learn strategies so that you can maximize your profitability while minimizing your potential liabilities.
The security and safeguarding of information is vital to protect an organization from financial and reputational loss. This conference is your best opportunity to network with industry insiders, compare products and strategies and to learn valuable information on potential risks and liabilities so that you can put the appropriate insurance protection and risk management practices in place.
Be sure to also register for the Post-Conference Workshop: Negotiating and Drafting Cyber Risk Provisions and Policies
September 28, 2010; 2:00 p.m. – 5:00 p.m.
Back by popular demand with updated content to reflect new developments and additional workshop leaders to walk you through the ins and outs of negotiating and drafting this highly specialized coverage.
Register now by calling 888-224-2480, faxing your registration form to 877-927-1563 or registering online.
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