Emerging Cybersecurity Risks for Technology Companies
Sponsored by Zurich and TechAmerica
Every organization that handles credit card transactions or maintains records about its clients should be concerned about data security. Breaches occur with alarming frequency, and even a moderate breach can cost a company millions of dollars in response costs, system repairs, lawsuits, and fines and penalties.
Advisen Webinar: Cybersecurity Risks for Technology Companies,
Sponsored by Zurich and TechAmerica
Data breaches can cost companies millions of dollars.
What if the technology product your company made, installed or integrated was implicated in the breach?
Could your company be held liable?
On Thursday October 7 at 11 am EDT a panel including Zurich's David Allred and TechAmerica's Liesyl Franz discussed these exposures and how the potential liabilities are evolving. This aim of this webinar was to help attendees understand how your organization, as a builder of technology, can protect your company, your reputation and officers from these potential liabilities.
About Zurich
Zurich in North America is a part of Zurich Financial Services Group (Zurich), an insurance-based financial services provider with a global network of subsidiaries and offices in North America and Europe as well as in Asia Pacific, Latin America and other markets. Founded in 1872, the Group is headquartered in Zurich, Switzerland and employs approximately 60,000 people serving customers in more than 170 countries, including more than 9,500 employees in North America. Zurich entered the U.S. market in 1912. According to Highline Data LLC (NAIC 2008), Zurich in North America ( www.zurichna.com ) is the second-largest writer of commercial general liability insurance and the fourth-largest commercial property-casualty insurance company, serving the global corporate, large corporate, middle market, specialties and programs sectors. Zurich's risk engineering services in the United States are provided by Zurich Services Corporation.
About TechAmerica
TechAmerica is the leading voice for the U.S. technology industry, the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy.
Representing nearly 1,200 member companies of all sizes from the public and commercial sectors of the economy, TechAmerica is the industry's largest advocacy organization and is dedicated to helping members' top and bottom lines. It is also the technology industry's only grassroots-to-global advocacy network, with offices and partnerships in state capitals across the country, Washington DC, Europe (Brussels) and Asia (Beijing) and around the world. Visit us at www.TechAmerica.org
ADVISEN'S LARGE LOSS DATA
Advisen tracks significant lawsuits filed against companies and their directors and officers in its Master Significant Case and Action database (MSCAd). MSCAd is the most complete and accurate database of such lawsuits, consisting of more than 45,000 events and over $3.2 trillion in aggregate losses. Cyber/Identity cases in MSCAd represent more than 2,500 events and over $1.7 billion in aggregate losses.
For information or a list of the suits click here
