Programme Objective
Cyber threats have evolved well beyond data breaches to sophisticated attacks that mess up operations and disrupt businesses with major financial losses, costing firms thousands or even millions of dollars in lost revenue and expenses. Those threats might target anyone, and currently it is a matter of when and now “if”. Therefore, cyber risk is shifting to become a business risk. And, as cyber risk is now a regular priority for the boards, businesses are recognizing that their cyber risk management programs must include more than just the technology aspect. Corporate cybersecurity budgets are soaring, and financial executives are in need of calculating the potential financial impact of cyber events on an organization — as a basis for their capital allocation strategies. They are also seeking to invest more in response planning, recovery, and risk transfer, including purchasing higher cyber insurance limits.
In fact, cyber insurance purchases might allow businesses to benefit from future savings. It helps to mitigate the economic impact of destructive cyber events on revenue streams, balance sheets, and asset valuation by covering the below, such as:
- Breach management expenses,
- Cyber business interruption, including income loss,
- Cyber extortion expenses,
- Information asset expenses,
- Claims preparation expenses,
- Cyber reputation income losses,
- Social engineering losses.
This training helps understanding in risk transfer, enables learners to effectively understand the cyber insurance coverage, its general areas, and helps them to identify important questions to ask when purchasing a cyber insurance scheme.
Programme Outline
- Cyber Insurance In general terms
- Understanding of cyber risk transfer
- Understanding of financial savings with a cyber insurance coverage
- Cyber Insurance, and various policies
- Understanding of common exceptions
Training Methodology
This interactive workshop includes lectures, activities and videos in order to provide learners the most adequate content on the fundamentals of cyber insurance. It will also allow learners to understand cyber loss scenarios through real case studies in the finance world.
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
Business owners, CFOs, CTOs, Directors, Managers & IT Personnel
Schedule & Fees
Testimonial
Funding
No funding Available!
Programme Facilitator(s)
Programme Objective
Cyber threats have evolved well beyond data breaches to sophisticated attacks that mess up operations and disrupt businesses with major financial losses, costing firms thousands or even millions of dollars in lost revenue and expenses. Those threats might target anyone, and currently it is a matter of when and now “if”. Therefore, cyber risk is shifting to become a business risk. And, as cyber risk is now a regular priority for the boards, businesses are recognizing that their cyber risk management programs must include more than just the technology aspect. Corporate cybersecurity budgets are soaring, and financial executives are in need of calculating the potential financial impact of cyber events on an organization — as a basis for their capital allocation strategies. They are also seeking to invest more in response planning, recovery, and risk transfer, including purchasing higher cyber insurance limits.
In fact, cyber insurance purchases might allow businesses to benefit from future savings. It helps to mitigate the economic impact of destructive cyber events on revenue streams, balance sheets, and asset valuation by covering the below, such as:
- Breach management expenses,
- Cyber business interruption, including income loss,
- Cyber extortion expenses,
- Information asset expenses,
- Claims preparation expenses,
- Cyber reputation income losses,
- Social engineering losses.
This training helps understanding in risk transfer, enables learners to effectively understand the cyber insurance coverage, its general areas, and helps them to identify important questions to ask when purchasing a cyber insurance scheme.
Programme Outline
- Cyber Insurance In general terms
- Understanding of cyber risk transfer
- Understanding of financial savings with a cyber insurance coverage
- Cyber Insurance, and various policies
- Understanding of common exceptions
Training Methodology
This interactive workshop includes lectures, activities and videos in order to provide learners the most adequate content on the fundamentals of cyber insurance. It will also allow learners to understand cyber loss scenarios through real case studies in the finance world.
Closing Date for Registration
1 week before programme or until full enrolment
Intended For
Business owners, CFOs, CTOs, Directors, Managers & IT Personnel
Programme Facilitator(s)
