Cyber Risk for Boards and Management Teams

Published On: October 8th, 2020Categories: Commercial Insurance, Cyber Insurance, Webinar

We have all read cyber risk statistics:

  • 60% of businesses are out of business within 6 months of falling victim to a cyber attack
  • 43% of attacks involve SMEs (Verizon)
  • Beyond being such a drain on resources, the average cost of a cyber breach is approximately $5.9 million (IBM/Ponemon)

Meanwhile, the cybersecurity gap remains significant leaving many organizations (of all sizes) and their stakeholders excessively exposed.

Why is the size and scope of the elephant in the room so often overlooked? Leaders know that cybersecurity is important, but running a business or non-profit often means leaping from fire to fire, cybersecurity can slip down the list of priorities.

Whether your organization is scrambling for cybersecurity direction or you have a methodical strategy in place, this webinar will take the effectiveness of your cybersecurity game to the next level.

Key takeaways for your next board or management meeting:

  • Know which cyber threats are most common and most dangerous for Canadian small-to-medium sized enterprises and non-profit organizations.
  • At a high-level, learn what questions to ask to help identify the critical vulnerabilities (or focus areas) for your organization.
  • Discover a simple framework to enhance cybersecurity auditing, communication, and reporting at the leadership level.

 

Presenter Information:

Jeff Dawley, Cybersecurity Compliance Corp.

Jeff Dawley, President, and Founder of Cybersecurity Compliance Corp., has spent 25 years working in finance and technology across a broad spectrum of Canadian and international organizations, and a range of industries that includes financial services, mining, information processing, manufacturing, and professional services. Jeff has operated in the capacity of a CFO for 10 years, including 5 years with publicly listed companies, along with 5 years as a CTO/CIO, responsible for all aspects of information management and technology.

Kyle Gray, Ridge Canada

Kyle is an established presence in the Canadian specialty insurance community.  His passion is driving meaningful long-term relationships through broker education, service, and process improvement.

Kyle joined Ridge Canada in 2017 and is responsible for leading underwriting strategy, product development, and broker relations.  Since starting his career, he has been an underwriter at major Canadian and International insurance companies focused on governance products including Directors & Officers, Errors & Omissions, and Cyber insurance.

Kyle holds his Bachelor of Commerce from Queen’s University and is a Fellow Chartered Insurance Professional (FCIP) and an accredited Canadian Risk Manager (CRM).

Kyle Paterson, Bryson Insurance

As Director of Culture and Business Development, Kyle Paterson strives to understand the vision, strategy, and culture of businesses. With this understanding, Kyle and Bryson assist in providing relevant risk management and risk transfer solutions. Often facilitating relevant webinars and other related learning opportunities, Kyle is always looking to bring value to Bryson clients and our community. Kyle recognizes the potential threat cyber risk plays on businesses and takes steps to help every business leader make informed decisions.

Written by:

Kyle Paterson
Kyle has a belief that insurance is a tool when powerfully leveraged best ensures the vision of business leaders and families are realized. Kyle focuses on cyber risk transfer, group benefits, and corporate and individual life insurance solutions.

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