Modelling a Data Breach: The Financial Implications

  • Date 05 Jun 2019

Modelling a Data Breach: The Financial Implications

05 Jun 2019, 16:40 - 17:05

Strategy Talks
Language:
English

With large scale data breaches continually attracting large headlines, businesses are ever increasingly assessing their internal preparedness. Crucial to this process is assessing the potential cost such an event would have on a business, which is where different modelling techniques can help. There are multiple benefits to going through this process, such as assisting in deciding how a business goes about protecting their balance sheet, providing evidence to C-suite stakeholders of how a data breach can impact a business and providing evidence to regulators and shareholders that the business is taking the planning for such an event seriously.

Learning Outcomes:

  1. An understanding that how a data breach would affect a balance sheet should be a key part of business planning. 
  2. An awareness of the various tools available to help model the financial implications.
  3. A discussion of the different approaches to fund the financial cost of a data breach.
  4. An awareness of the benefits of going through the process of assessing the cost of a data breach.
  5. Emphasis on the fact that within a business a data breach/ cyber incident is not just an IT issue.

 

Contributors

  • Peter Erceg

    Speaker

    SVP Cyber Risk

    Lockton Companies LLP

    Peter joined Lockton from EE in June 2016, the largest telecommunications company in Britain. As the CISO he was responsible for the security of the...

Business Issues covered

  1. What will this session help you to do?
    • Demonstrate thought-leadership to ensure security is high for corporate agenda & capex justified‎
    • Ensure information security projects demonstrate return on investment‎

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