Event Details
Target Audience
Open to all Industry Professionals wanting to refresh or expand their knowledge of cyber risk management.
Overview
With an increasing number of Australian businesses being targets of cyberattacks, staying vigilant against cybercrime is paramount.
A recent Australian Signals Directorate cyber threat report identified around 94,000 cybercrime reports in the 2022-23 financial year. This equates to one cybercrime being reported every six months.
While awareness of these issues is high, that hasn't necessarily translated into insurance coverage. Penetration for cyber insurance in Australia is still at very low levels, but there is a significant opportunity for brokers here. Brokers play an important role in helping clients understand the risks they face and implementing processes to protect themselves and reduce their exposure.
With the rise in frequency and sophistication of cyberattacks, cyber insurance is set to become an increasingly important component of business continuity planning. Businesses must become proactive instead of reactive when staying vigilant against cybercrime.
This seminar has been carefully curated to assist industry professionals do their part in preventing and managing cyber risk. Leading experts will provide participants with an integrated, comprehensive approach to cyber risk management with data-driven, insight-led solutions.
Key Take-aways
- How to recommend limits to clients
- Understanding a client's risk exposures e.g., supply chain management, cloud storage, etc.
- Understanding policy restrictions and ensuring the policy is operational for the clients' needs
- How to assist clients in improving their risk profile and cyber controls
- How a cyber claim works / claims scenario
- How much are a cyber claims costing / settlements - called upon coverage section breakdown
- Impacts to the client of waiting for indemnification
- What to look for in a good cyber wording
- Cyber terminology e.g., indemnity period, waiting period
- Personal records and applicable underwriting metrics
- Practical risk management – MFA, etc.
Event Details
Date: Thursday 15 August 2024
Time: 8:30am - 11am (Registrations open at 8am)
Venue: The University of Queensland (308 Queen Street, Brisbane City)
Tickets: NIBA Members: $25 + GST | Non-members: $35 + GST
CPD Points: 2 points
