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Q:\2012\BSD\NP\Convocation\PPT\Conv12TempVer1.pptx Cyber Risk & The Church Host Rich Famigletti, Gallagher New York Specialist / Presenter Adam Cottini, Gallagher New York
Q:\2012\BSD\NP\Convocation\PPT\Conv12TempVer1.pptx
Cyber Risk & The ChurchHost Rich Famigletti, Gallagher New York
Specialist / PresenterAdam Cottini, Gallagher New York
2Q:\2012\BSD\NP\Convocation\PPT\Conv12TempVer1.pptx 2
THE NETWORK:Where Personally
Identifiable Information is stored Electronically
THE WORKSPACE:Where Personally Identifiable Information (Electronic/Non-Electronic) is stored outside of the Network
According to the Federal Bureau of Investigations
Identity Theft is the fastest growing white collar crime in
America!
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Major Risk Management Concerns
Hackers Rogue Employees Independent Contractors Human Error Social Media Mobile Devices Cloud Computing A Changing Regulatory Environment
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Sample Header
What does your Organization look like?
From the eyes of Believers / Non‐Malicious
1. Faith Based Organization2. Charity 3. School 4. Health Services5. Community Assistance
From the eyes of aMalicious Person / Hacker
1. A Target for Personal Information2. A Target for Personal Information3. A Target for Personal Information4. A Target for Personal Information5. A Target for Personal Information
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Legal Costs
Forensic Investigations
Notification Costs
Credit Monitoring Costs
Call Center Support
Identity Theft Education
Public Relations
Response Costs
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Exposure Category Description
Network Security Liability Provides liability coverage if an Insured's Computer System fails to prevent a Security Breach or a Privacy Breach
Privacy Liability Provides liability coverage if an Insured fails to protect electronic or non-electronic information in their care custody and control
Media Liability Covers the Insured for Intellectual Property and Personal Injury perils the result from an error or omission in content (coverage for Patents is generally not provided)
Regulatory Liability Coverage for lawsuits or investigations by Federal, State, or Foreign regulators relating to Privacy Laws
Crisis Management
Notification Expense and Legal Expense 1st Party expenses to comply with Privacy Law notification requirements
Credit Monitoring Expense 1st Party expenses to provide up to 12 months of credit monitoring
Forensic Investigations 1st Party expenses to investigate a system intrusion into an Insured Computer System
Public Relations 1st Party expenses to hire a Public Relations firm
Data Recovery 1st party expenses to recover data damaged on an Insured Computer System as a result of a Failure of Security
Business Interruption 1st party expenses for lost income from an interruption to an Insured Computer System as a result of a Failure of Security
Cyber Extortion Payments made to a party threatening to attack an Insured's Computer System in order to avert a cyber attack
Professional Errors & Omission Liability Technology and Miscellaneous E&O can be added to a policy when applicable
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Next Steps
Adam CottiniArea Senior Vice President ‐ National Resource
Cyber Risk & Professional Liability_______________________________________Arthur J. Gallagher Risk Management Services
250 Park Avenue, 3rd FloorNew York, New York, 10177
Phone: 212‐994‐7048Email: [email protected]
Q:\2012\BSD\NP\Convocation\PPT\Conv12TempVer1.pptx
Cyber Risk & The ChurchHost Rich Famigletti, Gallagher New York
Specialist / PresenterAdam Cottini, Gallagher New York
