The Brewing Cyber Storm: insurance cover & legal reforms

Having trouble convincing clients (or yourself) that cyber insurance might be worthwhile?

Experiencing resistance when you talk about the risks social media introduces to a business’ bottom line?

Wondering what impact the proposed Federal mandatory disclosure and privacy reforms might have on your client's risk profile, especially when it comes to the adequacy of their management, reputation, and third party risk issues?

You’re not alone.

In the wake of the social media campaign against Alan Jones & 2GB, and Sony’s ‘data breach litigation’ against its insurer, corporate Australia is starting to recognise it faces real, uninsured exposures to the risks new technology brings.

The 2012 online experience has produced unprecedented social media mishaps, shareholder class actions, online reputation campaigns and more. With the ACCC warning business in August to better manage its internet presence, and the Federal government’s mandatory disclosure and privacy reforms on the agenda, it’s clear traditional policies won’t provide the protection many crave.

Fines and penalties, claims expenses, the regulatory response and reputation repair costs that are associated with intentional or unintentional technology breaches don't fall comfortably within the 'four walls' of standard insurance products.

Many are under-prepared.  Many don't appreciate the exposure.

In this lunchtime presentation we provide an insight into 2012’s most memorable online cases – from shocking social media errors of judgment to emerging litigation and proposed legislative reforms. We will examine how these issues impact modern business and what insurance and management issues are emerging.

By attending you will be able to better appreciate and demonstrate:

  • the impact these emerging risks have on a business’ bottom line
  • the trends and legislative reforms that will increase these exposures into 2013 & beyond
  • lessons from the US and UK insurance markets
  • the insurance issues and 'gaps' these cases highlight in the Australian market

Presented by Megan O’Rourke

Sydney 4 December

Macquarie Graduate School of Management
37 Pitt Street, Sydney

Brisbane 5 December

Queensland Law Society
179 Ann Street, Brisbane

Cost: $99 per person (inc GST)
Time: 12pm - 2pm

CIP/CPD - 2 points