Today’s climate of cyber attacks has left no industry untouched. While technology has provided new opportunities for business innovation and growth, it has also brought considerable risks.
Insurance companies continue to migrate toward digital channels to create stronger customer relationships and showcase new products. The industry is constantly evolving, offering improved products to meet the needs of a changing demographic, and adopting new approaches to deal with technology concerns. Since insurers retain large amounts of financial data, this requires diligence on the part of the insurance industry to protect sensitive assets and information in a reliable and compliant manner.
The FBA Section on Taxation provides a forum to discuss cybersecurity. Attend the Insurance Tax Seminar in Washington, D.C. on May 31 – June 1, 2018 to share information, exchange ideas, and forge networking relationships with others in the industry. Register today for this timely seminar at www.fedbar.org/instax18.
For those who work in or depend on the insurance industry, knowledge of potential threats and vulnerabilities associated with cybersecurity is an increasing priority. Cybersecurity risks affect service providers, brokers, agents, and consumers of different insurance products and services. The various insurance segments, including health, life, property, and casualty have unique characteristics that determine how susceptible they are to cyber threats.
The Insurance Tax Seminar’s “Ethics and Cybersecurity Issues” panel will discuss the ethical issues and requirements raised by cybersecurity concerns in the insurance industry. This is an ideal session for information security officers, lawyers, and compliance professionals.
Stewart A. Baker of Steptoe & Johnson LLP will lead this discussion on cybersecurity threats – an issue that is a top concern for the insurance industry. Joining him will be panelists Neal Pollard (PriceWaterhouse Coopers) and Susan E. Seabrook (Eversheds-Sutherland LLP). Speakers will examine a variety of ethical considerations as well as the latest cyber crime cases.
The ability to protect networks, computers, programs, and data from attack, damage, or unauthorized access is a significant concern. How are insurance companies faring in the cyber battle? How can the insurance industry prevent data breaches? What should an insurer’s priorities be when it comes to cybersecurity? What should organizations and individuals in the insurance industry establish as safeguards to help mitigate cyber threats? These are critical questions the “Ethics and Cybersecurity Issues” panel will seek to answer.
Attendees of the Insurance Tax Seminar will explore how insurers and cybersecurity experts can work together to solve cybersecurity challenges facing the nation’s technology infrastructure. Panelists will address cyber liability insurance to cover the financial costs associated with a breach, as well as costs including recovering compromised data, repairing damaged computer systems, financial costs to third parties, network interruption, and cyber extortion.
Sign up today for the Insurance Tax Seminar at www.fedbar.org/instax18.
Stacy Slotnick, Esq. holds a J.D., cum laude, from Touro Law Center and a B.A., summa cum laude, from the University of Massachusetts Amherst. She performs a broad range of duties as an entertainment lawyer, including drafting and negotiating contracts; addressing and litigating trademark, copyright, patent, and other IP issues; and directing the strategy and implementation of public relations, blogging, and social media campaigns.