Fight Back against the Hack: Cybersecurity Insurance for FSP Members
Cyberattacks and data breaches are on the rise, and the financial services industry ranks among the top five targets for cyber criminals. It’s not just a concern for the large corporations you see on the news; financial services companies of all sizes are the targets of hackers from all over the world. Even a data breach – which can be as simple as an employee error, system glitch or even a lost or stolen laptop or phone with data – can have disastrous consequences. The situation has resulted in new data security compliance and regulations in many states as well as national enforcement. This presentation will focus on the risks affecting our industry, including FSP members, and discuss why every business needs a plan in place to deal with cyber threats. The speaker will reveal steps a business can take to guard against these unprecedented risks. The benefits of the FSP cybersecurity insurance plan will also be presented.
Attendees will learn:
Who is targeting the financial service industry and why they focus on small to midsized businesses
Why the situation is projected to get worse
The impact of the Internet of Things (IOT)
The role of the dark web
The difference between a cyber breach and a data breach
Actions to take when you have a breach
State and federal regulation, laws, and penalties
The role of cyber and data breach insurance
The highlights of the FSP protection plan from 360 Coverage Pros
Trends and predictions regarding how the financial services industry will be affected in the future
Scott Reid is National Director for Cyber Insurance for 360 Coverage Pros, the current Executive Director of the Cyber and Data Security Alliance, and a member of the National InfraGard Network. He is the business unit leader for 360 Coverage Pros, which specializes in providing insurance products and cyber risk solutions for over 300 associations and trade groups and is the endorsed cyber insurance provider for the Society of Financial Service Professionals. After graduating from Indiana University in 1986, Scott joined the insurance and professional liability industry and continues to be a leading advocate for associations, trade groups, insurance companies, and independent businesses. He frequently speaks at industry events and conferences to educate executives and business owners on cyber security, data breach response, and utilizing cyber insurance products as part of an overall risk management strategy. Scott has the ability to translate the technical landscape and complex jargon of cyber and data breach into a context that can be easily understood and recognized.
This is a free webinar for FSP members and non-members.
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- Register online by selecting the "Register" button above.
- Call our Member Services department at 800-392-6900, Monday–Friday, 9:00 a.m. – 4:00 p.m. ET
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Upon registration, you will receive instructions via e-mail on how to participate in the program. The e-mail will also include instructions for downloading the PowerPoint presentation.
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This program will be recorded and archived and the link to the recording will be emailed to all registrants about a week after the webinar. The recording will also be accessible by all FSP members in the Member Resources area of the Website within 24 hours of the webinar. The recording will include both the audio portion and PowerPoint slides.