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P177 – PROGRAMME ON CYBER LIABILITY (COMBINED)

 

Background:

Online transactions have become more common with the increasing popularity of Internet. The growth in e-commerce transaction brings in additional risk. The risk may be unique (like a virus or denial of service attack) or could be rather an existing one (for example fraud) which is accelerated by the easy-access characteristic of the web. These risks are both an opportunity and a threat for insurance providers. With increasing e-commerce, cyber liability claims will be prevalent in every industry. They are devastating and can wipe out a company. With more than 300+ viruses unleashed every month, exposure to cyber liability risks increases daily. The programme has been designed to address these significant risks.

 

Objectives:

After completion of this programme, participants will be able to:

• Identify the potential cyber risks and liability

• Address the need of better security building for cyber business

• Estimate the full extent of liabilities presented by e-commerce

• Realize the need and role of Security Experts, Information Systems (IS) Auditors in mitigating cyber risks and underwriting cyber liability

• Underwrite cyber risks

 

Contents:

•  Risk assessment and security audits

•  E-mail risks

•  Copyright: Brand, Patent and Reputation Losses

•  Legal issues: multi-jurisdictions

•  Regulatory Issues

• Cyber Laws

• Cyber risk underwriting

•  Cyber claims

 

Participants’ Profile:

 

Indian:    

Life: Secretaries of Internal Audit / Inspection / IT / Vigilance Departments at Central Office and Zonal offices. Regional Managers (MS), Assistant Secretaries (IT) from Zonal Offices and selected Managers (IT) from Divisional Offices.

Non Life: Assistant Managers and Deputy Managers working in Miscellaneous / Audit / Inspection / Vigilance Departments at Head Office and Regional Offices of General Insurance Companies.

Others: Officers from Audit Departments of Banks,   Chartered Accountants, Risk Managers of  industrial firms, Academicians, Insurance Regulators.

Overseas: Executives of Insurance Companies, Banks, risk managers from industrial firms interested and involved in IS Audit and preparing Business Continuity Plans / Disaster Recovery Plans for their organisations. Representatives from Insurance Regulatory Authorities from different countries.

 

Duration:    4 Days

 

Dates:     19.11.2008 - 22.11.2008