Course Detail(DGT051v : Cyber Insurance: How does Risk Transfer Ensure Effective Savings? (Live Webinar))

DGT051v : Cyber Insurance: How does Risk Transfer Ensure Effective Savings? (Live Webinar)

3.50 CPE Hours (Others)
Live Webinar


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

Competency Mapping

Others = 3.50 Hours

Schedule & Fees

Date & Time

10 Dec 2021 (9:30 AM - 1:00 PM)

Fee (inclusive of GST)

For Members: $ 199.02   $ 159.22
For Non-Members: $ 237.54   $ 190.03
Discount till 31 Dec 2021

Programme Facilitator(s)

Magda Chelly

Venue

Online Classroom in or outside of
Singapore

Date & Time

28 Sep 2021 (9:30 AM - 1:00 PM)

Registration is closed

Programme Facilitator(s)

Magda Chelly

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Magda Chelly

Magda Lilia Chelly, is the CISO and Managing Director of Responsible Cyber Pte. and a co-founder of Secucial Pte. Ltd. - a startup founded by Singtel Innov8 and NUS Entreprise. Magda is a CISO on demand for various companies, from medium size enterprises to Fortune 500 companies, where she helps the global and regional CISOs achieving their cyber security strategy effectively.
 
Magda has a strong experience in cyber security as well as international and business co-operations. Throughout her career, she has been working with governments and corporations to advise on how they react to the increasing international cyber threats. She is currently based in Singapore, with a global reach. She speaks five languages fluently and has a PhD in Telecommunication Engineering with a subsequent specialization in cyber security. She also was recently nominated as global leader of the year at the Women in IT Awards 2017, and TOP 50 cyber security influencer globally, TOP 30 women leaders in cyber security, as well as TOP 58 Women In Cyber Security to Follow on Twitter and TOP 20 Cyber Security Experts alongside with Kevin Mitnick.

 


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

Competency Mapping

Others = 3.50 Hours

Programme Facilitator(s)

Magda Chelly

Magda Lilia Chelly, is the CISO and Managing Director of Responsible Cyber Pte. and a co-founder of Secucial Pte. Ltd. - a startup founded by Singtel Innov8 and NUS Entreprise. Magda is a CISO on demand for various companies, from medium size enterprises to Fortune 500 companies, where she helps the global and regional CISOs achieving their cyber security strategy effectively.
 
Magda has a strong experience in cyber security as well as international and business co-operations. Throughout her career, she has been working with governments and corporations to advise on how they react to the increasing international cyber threats. She is currently based in Singapore, with a global reach. She speaks five languages fluently and has a PhD in Telecommunication Engineering with a subsequent specialization in cyber security. She also was recently nominated as global leader of the year at the Women in IT Awards 2017, and TOP 50 cyber security influencer globally, TOP 30 women leaders in cyber security, as well as TOP 58 Women In Cyber Security to Follow on Twitter and TOP 20 Cyber Security Experts alongside with Kevin Mitnick.

 

Upcoming Schedule

Date & Time

10 Dec 2021 (9:30 AM - 1:00 PM)

Fee (inclusive of GST)

For Members: $ 199.02   $ 159.22
For Non-Members: $ 237.54   $ 190.03
Discount till 31 Dec 2021

Programme Facilitator(s)

Magda Chelly

Venue

Online Classroom in or outside of
Singapore